HEADER - This is super detailing for most likely route for spot gold price from 7/26 to 9/11, or next 7 weeks.
SUMMARY - From a due diligence point of view, this is my greatest work ever. By this, I mean next 1200 days of price action, from now to August 2025. You can view long term chart in notes in draft 1A, link below. This is focused specifically on all regressions under 3 years to forecast price in next seven weeks or to 9/13/22.
DETAILS - For background, I've included recent posts since the straddle around 7/08 in the links below.
NOTES -
1. This is my most completed work ever, from a fundamental/technical fusion point of view.
2. The extension lines are regression lines of five different sets of regression layering, combined to forecast price action.
3. The vertical lines are specific dates between now and 9/15.
4. Blue verticals are FOMC dates, July 27th and August 27th. The latter is Jackson Hole on a Saturday.
5. Yellow verticals are new moon and bolder ones full moon.
6. Grays are ADP reports.
7. Blacks are NFP reports.
8. Oranges are CPI reports and reds are PPI reports.
9. If there are Fed minutes days in this timeframe, I did not label them.
10. Blue hi-light forecast has minor adjustments w/ respect to catalysts dates.
11. Price should hit all boxes.
12. Ellipses are entry and exit dates for an almost perfect short situation.
13. Executing with GLD puts on 8/25 with 9/11 exit should be a 12X to 15X trade.
14. Executing with GC futures puts same time frame should be 10:1 trade or better.
15. I last checked and extrapolated GC options pricing 10 days ago, so I adjusted down just in case.
16. This forecast remains valid as long as price does not breach 1765 for more than 12 hours from now to 8/26, exactly 1 month from now.
17. In the situation that price remains above 1765 for more than 12 hours, then this forecast needs reconfirmation.
18. Odds of of this route playing all the way is a bit less than 7 in 10.
19. If FED does not surprise dovishly (in a major way that would produce a reaction to 1790 and higher by 8/4), odds would be 3 in 4.
20. If this chart is true to Friday, 8/26, odds would be almost 4 in 5.
21. If this chart is true THROUGH Sunday 8/28, odds would be 9 in 10.