Gold mini 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

it might give some correction before reaching new high...