LIVE #4! (DRAFT 2) THE MOST ACCURATE GOLD FORECAST IN THE WORLD
SUMMARY - This is the 12/03, 15-min bar, 38-day generic, 15-day ultra detailed, CONTINUOUS EVOLVING FORECAST for direction and shape of price action in FX_IDC XAUUSD gold ticker. Continuing from the first draft - link below- this second draft only considers reasonable outcomes that fit all layers and ratios of linear regression from all available data on all time scales. As stated in previous draft, the only part here statistically reliable is within the box that lasts through Wednesday 12/06. After 12/06 which route price takes will be indicative of price action reaction after 12/13 FOMC. This "mirror image" of two outcomes both lead to 2400-2480 by 02/09/24, but concludes in massive divergence of outcomes after that.
WARNING - As a precaution, the first rule of trading is don't lose money. As a reminder, the second rule of trading is don't forget the first rule. As usual, this MUST be used with continuing notes posted throughout duration of this forecast to supplement - not replace - your trading discipline and risk management. -- DUE TO LIMITS ON UPDATE FEATURE, I AM NOT DOING THAT ANYMORE -- Hence, consider this only as a guide for the next 38 days.
DETAILS - Links for most recent and relevant posts are below for background and how we got here. I recommend that you replay them (especially if you are new to us) occasionally as frame of reference. If you find this type of forecasting useful, please support by spreading the word or hit like/boost button.
WARNING - As a precaution, the first rule of trading is don't lose money. As a reminder, the second rule of trading is don't forget the first rule. As usual, this MUST be used with continuing notes posted throughout duration of this forecast to supplement - not replace - your trading discipline and risk management. -- DUE TO LIMITS ON UPDATE FEATURE, I AM NOT DOING THAT ANYMORE -- Hence, consider this only as a guide for the next 38 days.
DETAILS - Links for most recent and relevant posts are below for background and how we got here. I recommend that you replay them (especially if you are new to us) occasionally as frame of reference. If you find this type of forecasting useful, please support by spreading the word or hit like/boost button.
Note
12/03 5:32 PM ET: ZOOM IN OF THAT BOX:Note
5:51 PM, OPEN IN 9 MIN... ODDS OF A GAP UP TO 2087-2090?a) it's there for sure
b) is it favorable?
c) I don't know...
d) I would sell it and wait retrace
e) but it were to really happen, it might not close the gap
Note
6:25 PM ET TAGGED 2125 AND REVERSING...2118 as IM TYPINGa) can't say a lot here bc it already hit my target..
b) early for Monday.. but late for 11/29..
c) so I don't know what to make of it
d) we have to see the reaction
e) in the moment there is nothing to say...
Note
6:28 PMf) 2140... made up for lost time...
g) now let's see the reaction here
h) it's already MADE UP FOR being late for 11/29...
Note
i) 6:30, so now,DRAFT 1, the previous draft calling for 2220 this week DOESN'T LOOK CRAZY...j) right?
k) but we only know what that now
Note
l) link is below for draft 1...m) calls for 2080 tomorrow...
n) that NEEDS TO HAPPEN, if we really are doing 2220+ this week
Note
o) so what do we know now...p) that my targets 4 weeks ago at 1950 calling for 2120 11/29 and 2220 12/12 ...
q) legit targets..
r) bc gold needs that to establish a base for A TRUE BULL MARKET...
s) but it's not over yet...
t) bc if you want 2220 (which now looks like 2240, or even 2280, bc we just tagged 2145)
u) nex step is reversal check down to 2080 minimum ...
v) IN THIS CASE AND ONLY THIS CASE...
w) the faster the better...
x) usually, fast would be bearish..
y) but gold only has so much time to check down, come back up to 2240+ and then come all the way down to 2120 ish by 01/10..
z) bc we just saw 70pts in 45 minutes that seem no problem, but sometimes YOU CAN'T DO 70 IN A MONTH...
Note
6:53 PM.. what's so stupid is...a) it too me sooooo long to make A REASONABLE DRAFT (draft 2, this post)
b) bc I thought first draft was crazy...
c) COULD NOT PROVE OR DISPROVE IT...
d) and here we are...
e) so I gotta watch my money from here on out bc vol so extreme..
f) but next step SHOULD BE 2080, I think tomorrow,
g) but could take all the way to Tuesday night
Note
7:40 PM ET.. WHAT THE??? 2099.xx -- THIS DRAFT HAS BEEN DISCONTINUED...a) posted some notes.. went wrong
b) we are back on DRAFT 1
c) I will continue there until it is disproven
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.