LIVE #11! IT IS PAYBACK TIME!
SUMMARY - This is the 12/14, 15-min bar, 8-day completely generic (there's no point in detailing it), CONTINUOUS EVOLVING FORECAST for direction and shape of price action in FX_IDC XAUUSD gold ticker. Continuing from the previous post LIVE #10!, Fed going to cut 3-6 times next year depending on who you ask. Previous chart nailed the spike but couldn't close because price is stuck in zig-zag channel for about 5 more days.
HI-LIGHTS - These are pretty much all routes mapped. I picked the most logical one, so that means I should be completely wrong here. Take this one with some salt. All I can really say is we go to 2140-2160 by 12/26-27. How we get there, you gotta get lucky to nail it.
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. Be aware that there is AN ACTUAL LIMIT on the number updates I can do per post, so I am not going be super detailed. That said, it's been working out anyway.
DETAILS - Links for most recent and relevant posts are below for background and how we got here. I recommend that you replay them occasionally as frame of reference, but most importantly, as evidence that legit forecasting help you win day in and day out. And if my forecasts help you make REAL MONEY, help me out by spreading the word to people you know PERSONALLY to keep this thing going. Please hit like/boost button.
HI-LIGHTS - These are pretty much all routes mapped. I picked the most logical one, so that means I should be completely wrong here. Take this one with some salt. All I can really say is we go to 2140-2160 by 12/26-27. How we get there, you gotta get lucky to nail it.
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. Be aware that there is AN ACTUAL LIMIT on the number updates I can do per post, so I am not going be super detailed. That said, it's been working out anyway.
DETAILS - Links for most recent and relevant posts are below for background and how we got here. I recommend that you replay them occasionally as frame of reference, but most importantly, as evidence that legit forecasting help you win day in and day out. And if my forecasts help you make REAL MONEY, help me out by spreading the word to people you know PERSONALLY to keep this thing going. Please hit like/boost button.
Note
12/14 5:08 PM ET - THERE'S ONLY ONE GOOD STRATEGY HEREa) that's called buy and hold...
b) it's only 8 trading days, maybe 9
c) that's still good for 110-120 pts, not terrible!
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12/14 ,11:03 PM ET, I HAVE A VERY SUSPICIOUS SIGNAL...a) sighh....
b) it don't look good
c) I don't know what it means yet.. but it's obviously not bullish...
d) I need to confirm it
e) in the meantime, tighten up stops and pleas don't use chart above for decision making
Note
f) we should still move for 2052 first in a a bearish scenariog) so, whatever it is... it's not immediate, its a late Friday and Sunday problem
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h) 11:22 PM AFTER THIS MOVE TO 2052, IT WILL BE TIME FOR PAYBACK...i) but it's the bears that will be paid... unreal ...
j) we're going back down to retest 1975 but one day at a time
k) first ... the move for 2052, or maybe just 48
Note
l) so here's the plan :1) overnight to morning move for 2048 (maybe 52, who cares?)
2) then close Friday 2004-2008 (mother... I know)
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3) nah... maybe not that fast, probably Sunday nightNote
4) oh no, it's even more complicated and annoying5) we will go down, but nmaybe not tomorrow
Trade closed manually
6) to summarize:a) overnight sideways to down
b) Friday morning spike up to 48
c) followed by sell off
d) that should take all the way to Sunday night
e) it's ugly looking
f) and so this post has ended too
Note
2:10 AM RETEST OF 1980s by mid week next wekNote
8:20 AM ET... AFTER LOOKING AT EVERYTHING IT'.... NOT SUREa) In the chart at top
b) I placed the dark hi-light in that channel
c) as long as channel holds this draft is still the favorite BASED ON WHERE THINGS ARE NOW, this hour
b) this can easily change next hour if things get bad after 8:30 event time
d) another clue is, if its bullish path, it SHOULD MAKE 2053-2057
f) if top is 2049 OR LESS IS SUSPICIOUS AF
Note
10:04 pm 2032.xx a) bears got 44 top and sold off big to 2026
b) so they have momentum and they're trying to close strong
c) but apparently 2032 is where the fight has to be bc nothing has happened since
Note
d) 10:19 37.xx bulls want it all backe) and trying har AF ... so no decision yet
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12:44 PM ET 2032tu.XX 1) I have both routes now, with the bullish one more clear
2) gold needs to decide here
3) it's either 2093 or 1984 next week
4) I have 10 million reasons why bulls should win
5) but reasons are worthless if price closes under 2032
6) as I said last night, bears have rest of Friday and Sunday night to stop the move to 2093
Note
7) bulls need 2036 or betterNote
1:43 we have a decisionNote
2:10 PM 35 2017, BEARS WANT 1996-2000Note
SO THAT'S A WRAP FOR THIS, HERE'S NEXT 3 WEEKS:
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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.
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.