Short

GOLD DAILY SWING FORECAST

By Chartwatcher1996

Updated

Based on my study on Gann + Fibonacci + Elliott Wave, here's i present you the 2 months forecast for GOLD

Calculating swing height is much more harder since it was actually controlled by monetary policy rather than just a natural phenomena, what we can actually count is just the time
So we know when it will go up or down

I don't guarantee a perfect timing nor trading plan, but rather a good insight based on my knowledge!

Further update will release very soon
Sincerely, H. Haidar

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Wow..i never thought it will break 1969 support :)

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as expected, we see a pullback on this day (5/19/2023)
previously retesting 1955 support and failed to break lower

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i told you guys, fed news and all of their chairman's testimony is all staged

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yep, i told you...the fed activities that impact the markets are all staged
may 24 and you'll expect a severe crash after fomc

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yep 25 may, and it's crashing

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30 may, and i think its already reach the bottom

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31 may, strong 2nd bullish impulse wave

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1 june, bullish and bullish
after weird 1965 to 1953 wave 4 pullback

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2 june, nfp and private nfp goes way higher than expected
but unemployment rate also goes higher too
so weeirdd. haha

the corrective trend has officially started after june 1, wave 1 top
i expect a choppy bearish secondary trend in the gold market until next tuesday

in the future, i will also make intraday swing forecast because i accidentally found how to calculate intraday time cycle

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after nfp, i think gold is crashing, 1850 or 1870 very soon
tbh, i'm not expecting this

gold rejecting 61.8 level and continue its downward trajectory, i'm actually expecting correction wave of 2083 high..but this doesnt look like a correction wave

i realized that a slow upward trajectory means a correction, so i expect a further continuation that could last until 1690 level

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5 to 6 june
an impulse bullish wave appears a little bit faster than expected
if this didn't close above 1980
a severe downtrend could really happen
potentially plunge to 1690 or even worst since the 20 year cycle is now on the downward trajectory

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7 june, sideways with bullish bias
after a further analysis, i realize that tomorrow the market will make a top
and june 14 or 15 will also make a top
then i expect a long term crash due to USD deflationing

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8 june, you see an initial jobless claims unfortunately hiking
now you should realize who is the manipulator

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yeahh, there is no recession...only the fed that want to cut jobs

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find sell around 1960 or 1970, tp at 1923..today or tomorrow
the crash would like to continue

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yeah, well see a downtrend today selling from 1970
i expect 1909 would be the bottom for this or next week

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choppy upward trend as expected

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13 june, still running like the forecast

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20 june, we'll see if today or tomorrow would be the bottom
based on intraday cycle, i expect tomorrow when powell testifies, the market would go deeper

so we're not just exploring knowldge, but rather also to prove our hypothesis about the fed

I'm not an ICT trader, but rather just a computer scientist who likes to trade futures

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21 june, i was totally miscounted in this forecast
but in my latest forecast that i've made it yesterday, i was once right again

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23 june, yeah we expect a strong buy that day
well actually.. i've profited like 500pips if not more yesterday, by selling and buying it

Chartwatcher1996

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