MQP PRESENTS GOLD CRASH ENDING 4, FOR JOHNLIV & SALVANOST
Updated
HEADER - Price action in silver does not say this should happen to gold. Standalone, this is the most likely path for gold prices to 10/10, as of RIGHT NOW.
SUMMARY - FOMC is Wed 9/21. However, Sun 9/25 and Mon 9/26 are decisive dates for price action.
DETAILS - The horizontal line is basically 1676 and the vertical line is 12:00 AM ET, Monday 9/26. The three highlighted routes are most up-to-date based 2-factor and 3-factor regression layers CROSSOVER. If I forecast w/ gold price alone, this would be it. Like I stated, silver DOES NOT AGREE, and in fact looks like a 20% move up is possible BUT NOT LIIKELY. To sum it up, regression strategy here is to:
1) short the ellipses
2) cover at rectangles
3) VOID IF PRICE MOVES AGRESSIVELY ABOVE YELLOW MARKER BEFORE 9/26
NOTES >
1) for Salvanost, the route to 1750 is a big underdog right now
2) this is because 1676 was supposed to hold last week, odds of breaking it and holding under was under 15% 24 hours before it broke
3) the longer price is under the yellow marker fore 9/26, the bigger the move up is necessary to change this outcome
4) if price follow highlight to 9/27, odds of 1450 in october becomes likely
5) 1450 by 10/10 if on time
6) 1450 by 10/24 if late
7) whether or not this forecast holds, the due diligence fort his forecast is 110%
SUMMARY - FOMC is Wed 9/21. However, Sun 9/25 and Mon 9/26 are decisive dates for price action.
DETAILS - The horizontal line is basically 1676 and the vertical line is 12:00 AM ET, Monday 9/26. The three highlighted routes are most up-to-date based 2-factor and 3-factor regression layers CROSSOVER. If I forecast w/ gold price alone, this would be it. Like I stated, silver DOES NOT AGREE, and in fact looks like a 20% move up is possible BUT NOT LIIKELY. To sum it up, regression strategy here is to:
1) short the ellipses
2) cover at rectangles
3) VOID IF PRICE MOVES AGRESSIVELY ABOVE YELLOW MARKER BEFORE 9/26
NOTES >
1) for Salvanost, the route to 1750 is a big underdog right now
2) this is because 1676 was supposed to hold last week, odds of breaking it and holding under was under 15% 24 hours before it broke
3) the longer price is under the yellow marker fore 9/26, the bigger the move up is necessary to change this outcome
4) if price follow highlight to 9/27, odds of 1450 in october becomes likely
5) 1450 by 10/10 if on time
6) 1450 by 10/24 if late
7) whether or not this forecast holds, the due diligence fort his forecast is 110%
Note
8) the most bullish route that is less than 10% right now is still 9/5 forecast:
Note
9) bulls most likely breakup window is next 30 hours10) it's 9:45 PM SUNDAY 9/18, ET
11) so it needs to move above 1676 by 4:00 AM TUESDAY 9/20, ET
Note
12) this means that move above 1676 AND HOLD THERE13) so moving up and spiking down to 1610 would not chang if next low is favored
14) but WOULD CHANGE WHEN THAT LOW should come
15) for example, expectations right now do not show this spike up/hard spike down scenario
16) but IF IT WERE TO GO OCCUR, then 1450 target would be moved to window between 10/10 and 10/24
17) and that's all she wrote
Note
FWIW - Here is a very rough draft of what silver should do in the mean time:
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