LIVE #9! THE MOST ACCURATE GOLD FORECAST IN THE WORLD
SUMMARY - This is the 12/10, 30-min bar, 24-day generic, 14-day ultra-detailed, CONTINUOUS EVOLVING FORECAST for direction and shape of price action in FX_IDC XAUUSD gold ticker. Continuing from the previous post #8, we have the ugliest weekly bar in recent memory that has detractors calling for the death of the bull market.
"See, I told you triple tops never work."
"Gold bugs never learn".
"This weekly bar guarantees a 16-handle in by August, 2024."
... said the preeminent technical analysts of "X" (Twitter), Seeking Alpha, and Yahoo Finance. Well, we will see about that. This is actually the 8th draft I went through this weekend. While I do not pretend to know if God will send lightning to close 2023 and welcome 2024, I can tell you I have more conviction IN MY DUE DILIGENCE than ever. What does that mean for us here? It means 2140 again by end of Friday 12/22.
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.
"See, I told you triple tops never work."
"Gold bugs never learn".
"This weekly bar guarantees a 16-handle in by August, 2024."
... said the preeminent technical analysts of "X" (Twitter), Seeking Alpha, and Yahoo Finance. Well, we will see about that. This is actually the 8th draft I went through this weekend. While I do not pretend to know if God will send lightning to close 2023 and welcome 2024, I can tell you I have more conviction IN MY DUE DILIGENCE than ever. What does that mean for us here? It means 2140 again by end of Friday 12/22.
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.
Komentarz:
Komentarz:
12:00 AM, Monday, 12/11, 1996.59, BREAK RESISTANCE NOW or 1991 and 1988 next
a) at resistance now
b) it is unclear that price will break resistance here
a) at resistance now
b) it is unclear that price will break resistance here
Komentarz:
12:15 AM, broke resistance, now 97.16, heading for 2008 and 2014.
a) there is a shot for 2021-22
b) still early to say either or
c) that's a wrap for tonight
a) there is a shot for 2021-22
b) still early to say either or
c) that's a wrap for tonight
Komentarz:
1:25 AM ET 1998.44, WE NEED 2007-2008, AND BY 3:15 AM ET...
a) if not?
b) if not this is a scam...
c) I got perfect techs for this signal...
d) IF THIS DON'T HIT... that's a problem
a) if not?
b) if not this is a scam...
c) I got perfect techs for this signal...
d) IF THIS DON'T HIT... that's a problem
Komentarz:
2:06 AM ET 1998.03, BE CAREFUL HERE...
a) I don't understand the price action here...
b) if it doesn't move up when all the techs say it should...
c) it could be rug pull....
d) I could careless about manipulation
a) I don't understand the price action here...
b) if it doesn't move up when all the techs say it should...
c) it could be rug pull....
d) I could careless about manipulation
Komentarz:
12/11, 12:25 PM ET 1978.43 AND SLIPPING, CONSIDER:
a) so I said lat that it could be rug pull and it was a slow rug pull
b) it broke this support here AND IS UNDER DAILY AND WEEKLY MAX VOL
c) so it's all momentum now unless something stops it and we don't have any evidence of that
d) bears don't seem to be worry that CPI is 20 hours out so..
e) that puts MAX PAIN LEVLELS AT 1965 AND 1936
f) that's the first assessment
b) it broke this support here AND IS UNDER DAILY AND WEEKLY MAX VOL
c) so it's all momentum now unless something stops it and we don't have any evidence of that
d) bears don't seem to be worry that CPI is 20 hours out so..
e) that puts MAX PAIN LEVLELS AT 1965 AND 1936
f) that's the first assessment
Komentarz:
g) the second assessment is:
h) I hate that 1980 is gone
i) I also hate the pattern here
j) bc while IT DOES NOT KILL THE ROUTE UP ...
k) it has damaged potential considerably
l) bc there are number of bull patterns here, THIS BREAK TODAY FITS NONE OF THEM..
m) meaning while I know CPI, PPI, and FOMC is in the box to the right of the vertical red line ...
n) I cannot "see the move up" or extrapolations DO NOT SHOW A LOGICAL ROUTE...
o) to fit bull case without some unpredictable counter trend price action in the next 20 hours
p) that's long way of saying bulls need help and they NEED IT NOW....
q) if they want POST FOMC REVERSAL, they need "setup", or pattern, or fractal, or a route, or whatever you want to call it
r) AND THEY DON'T HAVE IT RIGHT THIS HOUR
h) I hate that 1980 is gone
i) I also hate the pattern here
j) bc while IT DOES NOT KILL THE ROUTE UP ...
k) it has damaged potential considerably
l) bc there are number of bull patterns here, THIS BREAK TODAY FITS NONE OF THEM..
m) meaning while I know CPI, PPI, and FOMC is in the box to the right of the vertical red line ...
n) I cannot "see the move up" or extrapolations DO NOT SHOW A LOGICAL ROUTE...
o) to fit bull case without some unpredictable counter trend price action in the next 20 hours
p) that's long way of saying bulls need help and they NEED IT NOW....
q) if they want POST FOMC REVERSAL, they need "setup", or pattern, or fractal, or a route, or whatever you want to call it
r) AND THEY DON'T HAVE IT RIGHT THIS HOUR
Komentarz:
2:09 pm ET CONSIDER THIS CHART:
a) at A, the favorite outcome is transitioning to to a bullish setup
b) at B, the favorite outcome is building a bullish setup
c) at C, the favorite outcome is bear continuation
d) we are at D with a window for 2008 again by 11 PM ET
e) BUT THE FAVORITE OUTCOME IS REJECTION AT 1984 OR 1989 AND MOVE TO 1965-68
f) while it's true the overall 100 years picture is bullish
g) the immediate picture is bearish AF times 10
h) that said though, we are 18 hours from CPI, 42 hours from PPI, and and 48 hours from FOMC
i) this is definitely not over, but it IS FINDING A WAY TO BE OVER
b) at B, the favorite outcome is building a bullish setup
c) at C, the favorite outcome is bear continuation
d) we are at D with a window for 2008 again by 11 PM ET
e) BUT THE FAVORITE OUTCOME IS REJECTION AT 1984 OR 1989 AND MOVE TO 1965-68
f) while it's true the overall 100 years picture is bullish
g) the immediate picture is bearish AF times 10
h) that said though, we are 18 hours from CPI, 42 hours from PPI, and and 48 hours from FOMC
i) this is definitely not over, but it IS FINDING A WAY TO BE OVER
Komentarz:
12/11 6:26 PM ET, 1983.87, getting all kinds of signals, but they seem crazy AF
a) signal for bottom in
b) signal for massive spike the 24 hours after FOMC
c) signal for 2070, 2080, 2100, 2110, 2120 all BEFORE THURSDAY NY CLOSE...
d) seem CRAZY, right? ...
e) I''m not sure if it's crazy or not
f) I do thin this sell off from 2147 (IDC ticker) is WAY OVER DONE
g) so why then?
h) ever feel like an invisible hand keeps a lid on gold prices??
i) this lid got blew off and the reaction to this blow off is over kill sell off
j) so the reaction to over kill sell off???
k) regressions combine for next 70 hours say ANOTHER BLOW OFF to re correct the correction
l) but the move doesn't get going until WED afternoon
m) so there's that
n) I'll post a new chart Wed morning
o) otherwise, its just zig zag until then
p) despite what people say about CPI, PPI, ADP, NFP, ISM blah blah...
q) FOMC is kingmaker
r) that's a wrap until tomorrow
a) signal for bottom in
b) signal for massive spike the 24 hours after FOMC
c) signal for 2070, 2080, 2100, 2110, 2120 all BEFORE THURSDAY NY CLOSE...
d) seem CRAZY, right? ...
e) I''m not sure if it's crazy or not
f) I do thin this sell off from 2147 (IDC ticker) is WAY OVER DONE
g) so why then?
h) ever feel like an invisible hand keeps a lid on gold prices??
i) this lid got blew off and the reaction to this blow off is over kill sell off
j) so the reaction to over kill sell off???
k) regressions combine for next 70 hours say ANOTHER BLOW OFF to re correct the correction
l) but the move doesn't get going until WED afternoon
m) so there's that
n) I'll post a new chart Wed morning
o) otherwise, its just zig zag until then
p) despite what people say about CPI, PPI, ADP, NFP, ISM blah blah...
q) FOMC is kingmaker
r) that's a wrap until tomorrow
Komentarz:
8:09 PM, current extrapolation:
Komentarz:
THIS POST HAS ENDED: HERE IS #10!:
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a) so the call here is for 1980 to hold on Tuesday
b) and triple bottom spike to break ALL of the resistance lines from Wed to Thu
c) this is the crux of the move
d) if this happens, we can expect 2140 to get hit again by end of day 12/22