Gold Spot / U.S. DollarUpdated THE HARD GOODBYE (TO BEARS) DRAFT 1.5
Intro - We are still on DRAFT 1 (link is below). Should the gold gods favor massive underdogs this time around, it should be this route that bulls take to salvation. We will know by Tuesday 3 AM ET, the hour in which bears of the UK (also known as LBMA) unite and - in their vanity - attempt to put this bull market six feet under. It is undoubted true that bears are mortal and the Gold gods frown on hubris. Will evil bears succeed or will zombie bulls arise from the dead - and with the help of Binary Forecasting Service's trend engine - get rich or die (again) trying??
Details - This chart is "neutral" because even with the high, wicked bears will not truly give up until 03/20 FOMC. Click on chart below for DRAFT 1. Should 2063 hold Monday morning, and bounce Monday night to 3 AM ET on Tuesday, come back here and crush it with us live!
Details - This chart is "neutral" because even with the high, wicked bears will not truly give up until 03/20 FOMC. Click on chart below for DRAFT 1. Should 2063 hold Monday morning, and bounce Monday night to 3 AM ET on Tuesday, come back here and crush it with us live!
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12:37 AM ET, 03/03a) in chart at top
b) what the experts see, is price should stay over the blue hi-light before the spike
c) MY BASE CASE IS ONE MOVE TO 57 before 2150
d) I also see that the trends are pretty smooth now
e) and aware that the experts understand some concepts here that simply do not know
f) so I am proceeding carefully by STAYING OUT OF THIS MOVE right now
g) until I can prove why the move to 57 need to or doesn't need to happen
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h) but there is one thing I see that THEY don't is that if we skip 57I) that may mean the top of this rally is 2180
m) bc if you move up without check down at this juncture...
n) IT IS NOT OBVIOUS THAT 2150 IS THE TOP
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o) so I am really interested in what "bears of the UK do in 2 hoursp) in my humbled opinion, moving to 57 makes this move
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q) SO MUCH MORE PREDICTABLENote
r) not just the top, but the reaction to the tops) and price action rest of way ahead of FOMC
t) whereas if skip 57 and hold 78 PERIOD....
u) you are now in AN ENTIRELY DIFFERENT ENVIRONMENT
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12:57, looks like a move to 92 nextNote
1:04 AM ET, 81.78, if it breaks 84.5, it can move to 87+ a) not obvious there is something past that
b) not obvious you can make new high
c) bears of the UK gonna show up in 2 hours
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1:24 am 2081.xx ceiling test got rejected at 83 a) I think that means 76 and 65
b) too tired
c good night
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1:54 AM 2083.25, not done testing ceilinga) but it's hard to get far
b) I have no opinion on this until something else happens
c) I don't see 87 breaking especially with London pre-market set in an hour
d) In my opinion, check down more likely than sideways
e) but I am not confident knowing that they see something I cannot
f) see you in the morning
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4:31 AM 35, 2083.85 a. I'm going to bed
b. the bears are scared
c. I don't know if how much more retrace we are going to get
d. I do see us getting to 2150 tomorrow night
e. so 40 hours for 76 points
f. that in itself is pretty tight already
g. I'm not saying it's not possible for more retracing
h. but the math says bulls top before Wed AM
I. and there's just not that much time left if that is the top we are aiming for
m. I just don't like the way this move looks w/o the retrace
n. but who cares what I like
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o. meanwhile if you follow my Bitcoin notesp. after 65500, it should be 67000
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4:41, AM ET 85.XX gold is following Bitcoin pattern nowa) so that means the two targets everybody seem to agree on is 2125 and 2150
b) but not everyone agrees that if we head for 2125 now (w/o checking down)
c) that 2150 remains a target
d) I can't see why that would be the case
e) and I usually don't care what they say this much
f) but I didn't expect 79 to hold AND IMMEDIATELY MOVE UP NEXT
g) just haven't seen this kind of price action before, especially with what we have been through since early December
h) so, I am long with some hedges
I) either way, I expect 2150 to get hit this Tuesday
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j) my math says if we move up from here, and it looks like that right now..k) we should hit 2170-ish, maybe a bit more, before topping
l) so that's roughly 85-90 points and 40-44 hours to go
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THIS POST HAS ENDED, HERE IS 2150 DRAFT 5:
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