Binary_Forecasting_Service

Binary_Forecasting_Service Updated 

In PART 5, I wrote that my only concern was a shift to a faster route than PART 5 (but still slower than PART 4). With the 2024 elections in the history books, I have enough now to call the entire route for the next 27 months or basically to February of 2027 to a high of 4800 (or higher). In last notes in previous post, I wrote that the 2780 high before November...

Binary_Forecasting_Service Updated 

First, thank you for all your kind messages but the reality is there is not enough demand for me to keep doing "continuous forecasting". With that said, I know now PART 3-6 with link here (hit replay twice): ... is more than likely to miss the route to 3600-3750. Since PART 4 (posted months ago) is not going to help, PART 5 is a summary of what I wrote at...

Binary_Forecasting_Service

We are going to go to 3600-3750 by September to December of next year. However, there is going to be a giant sideways to up move that can take four months to resolve before price moves aggressively higher in February next year. That said, price action has not revealed "which sideways to up pattern this will be". Beyond that, I am losing interest in the...

Binary_Forecasting_Service

LEGENDS NEVER DIE, OR SO I HEAR: This is a pretty massive call now that we are here and because of the the time restriction. First, I fully expect price to bet at 2645-2650 on morning of 10/07. Halloween is 10/31, so in that range there are less than 19 trading days to run up 425 points or 16%. A call for gold to move 16% is meaningless by itself. BUT A...

Binary_Forecasting_Service

So after NFP, price went down as expected. However, I asked that if bulls wanted to move for a miracle route, that they move for 2675. They got to 2670, this is not enough to pull off the miracle route but it "bought more time". At 2:14 PM ET, trend maps say that this rally to "3000 BY HALLOWEEN" is very much alive but the short term technical damage needs to...

Binary_Forecasting_Service

A couple hours ago, bears of the UK forced the red line to break and the problem is that IT HELD. In my humbled opinion, this has ALMOST WRECKED THE BULLISH ROUTES UP. The only way to save it is to move up PAST THE RED LINE where the blue arrow is. Usually in this spot, bulls will make 2 attempts in the next 3 hours to retake the red line. The problem is...

Binary_Forecasting_Service

There is only so much stalling price can do in the short term. At some point, medium-long momentum overwhelms the short term resistance. At 2657.xx as I type that's 413 pts call for exactly four weeks out. That is basically 100+ average each week from here to Halloween. In chart above, yellow is favored over both gray and blue. There should be a fourth...

Binary_Forecasting_Service

We do 2735 in New York tomorrow, maybe even a bit more. But here's how we got here from DRAFT 10-10: 1) the shape of price action UNTIL HOURS AGO ... 2) was still a bearish pattern 3) but holding above resistance here can only mean 2735 4) and that comes tomorrow 5) this is that situation where you BUY EVERY SINGLE RETRACE 6) let's get this up first!!

Binary_Forecasting_Service

So in moving from bearish setup to a bullish setup, all the trends are turning slowly. This will create a "long sideways to up move" that will last through all of Thursday. So the vertical price action past 2670 will not begin seriously UNTIL ALMOST LONDON OPEN ON FRIDAY, this will run all of Friday and likely through Sunday night in a much bigger sideways to up...

Binary_Forecasting_Service

So in the last 2 hours we eliminated anymore draw down, retraces, blah blah. And here's a list of what that means: a) the October high target should be 3070 b) the November high target is 3250 c) the December high target is 3400-3500 d) but that's only half the ultimate rally e) that places ceiling in 2025 at 5300+ f) we will be talking about $150 silver next...

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In 10-6, I had warned about 2-way vol saying that price could hit 2665 twice. The front end though didn't break 2556, so I misread the intraday 2-way vol as having basically died. It didn't, it just stalled for a while. So what? So same pattern as 10-7 but pushed forward a bit with more 2-way vol. In chart above, yellows are from 10-7. Gray is adjusted...

Binary_Forecasting_Service

This one the best route in my opinion, to drop 80 points bullishly. Why? because it has 40 pt retrace from the bottom built in by Sunday night. I do not love this route because price just broke that dashed line already and that usually means it won't work. But I don't have a close second place. So we have to let 16-20 hours play out and I will draft again.

Binary_Forecasting_Service

10/02, 12:27 AM ET, 2655.25 after a dip to 2653. I said in 10-5 that the break of dashed line would kill blue route. And in "JUST RIGHT NOW #002", I said that means 2627 again. Now I know that it means 2593 and 2572. The 2570 line is MAJOR SUPPORT, that also gives us the 115-pt correction we need to continue up. But the question is of course, can we hit 3000...

Binary_Forecasting_Service

So this is where the binary leads once price seem to have rejected the bullish route up. While it's not final, because 10-pt reversals are a common thing, the totality of the picture right this minute indicates a move back down to 2624. That's all that could be said right now.

Binary_Forecasting_Service

Do or die for this 2717-2597 swing that should fill out the next 3 days. Bulls and bears both - or more precisely price in general - has run out of time to follow through and complete this pattern. This is the last possible combination for this move and also outright favorite vs field at time of publishing. Obviously, price does not HAVE TO do anything....

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I don't have time to mesh out new hi-lights, so the dotted line is basically what's going to happen. Let's get this up first and I will add notes to it later.

Binary_Forecasting_Service

Where the bold red, black, and blue lines are is the critical window we are at. For this route to work, the black line MUST HOLD FOR NEXT 36 HOURS so price can have a shot at a new high before a 115 pt check down. The problem is that we dropped 60 from the high, so with a tight window to work with, it doesn't seem realistic to get a new high. But without a new...

Binary_Forecasting_Service

Since May NFP (delivered early June) after which I called for 3000 by Halloween (10/31), something would get in the way every time I thought the call was right. This time is going to be the same but I am going to stand by this call. First in chart above, this is the super-detailed 3-hour bar route for 3070 by Halloween. I spent most of the weekend on refining...