
Gold Futures forum

How much further will we go?

but make sure: it’s the October futures contract, not December. This level is calculated using the Expected Range (ER) formula, based on data from the CME exchange.
Levels derived from this formula have a strong historical hit rate across a wide range of financial instruments.
We publish a weekly recap of ER performance in our channel — showing how these levels played out over the past week.

I expect some volatility once we get inside that target range.
it took us two weeks to complete Wave 2 in a zigzag pattern.
According to EW theory, we will likely see some Flat consolidation pattern. I am assuming it will take around the same time or more to complete W4.
Congrats to everyone that rode this W3 till now!


Trust the Fib
