PATH TO 2135 #6, LAST POSSIBLE ROUTE FOR 2135
NTRODUCTION - Bears have shifted intermediate curves meaningfully. But they are still dogs. This is the second 02/08/24, 15-min bar, ultra-detailed, daily binary, CONTINUOUS & EVOLVING FORECAST (changes as often as I can update) for direction and shape of price action in FX_IDC XAUUSD gold ticker.
DETAILS - Medium term curves have shifted so much now that there's only one route left for 2135 in February/March. This means that if bulls do not take this route. They are unlikely to get there until April/May or maybe never. So this means bulls have to hit 2055 Friday (tomorrow) and close 2045. If they do this, price will move sideways for Sun-Mon-Tues-Wed-Thu next week. The first opening for price to move up again would be late Thursday or Friday of NEXT WEEK. Meanwhile, bears are not as strong as they may seem. If bears want to keep going down, they must be on time for orange route too. If price moves in the middle, then gold have reached equilibrium and cam stay in this zone for another 40 days. This is too long for me to care.
WARNING - This material is for experienced and responsible traders only. If you have any question in your mind whether you are experienced or responsible, then THIS IS NOT FOR YOU. As precaution, the first rule of trading is DO NOT lose money. As reminder, the second rule of trading is do not forget the first rule. As prerequisite, please familiarize with this process first before applying to your strategy. As usual, this MUST be used with continuing notes posted throughout duration of this forecast to supplement but NOT REPLACE your trading discipline and risk management. If the limits of the update feature or update frequency do not satisfy your risk profile, then THIS IS NOT FOR YOU. As always, when price action disagrees with forecast meaningfully to you, IMMEDIATELY SCRAP THE FORECAST and trade defensively. If it is not obvious to you what meaningfully means in this context, then I repeat for a third and final time, THIS IS NOT FOR YOU
DETAILS - Medium term curves have shifted so much now that there's only one route left for 2135 in February/March. This means that if bulls do not take this route. They are unlikely to get there until April/May or maybe never. So this means bulls have to hit 2055 Friday (tomorrow) and close 2045. If they do this, price will move sideways for Sun-Mon-Tues-Wed-Thu next week. The first opening for price to move up again would be late Thursday or Friday of NEXT WEEK. Meanwhile, bears are not as strong as they may seem. If bears want to keep going down, they must be on time for orange route too. If price moves in the middle, then gold have reached equilibrium and cam stay in this zone for another 40 days. This is too long for me to care.
WARNING - This material is for experienced and responsible traders only. If you have any question in your mind whether you are experienced or responsible, then THIS IS NOT FOR YOU. As precaution, the first rule of trading is DO NOT lose money. As reminder, the second rule of trading is do not forget the first rule. As prerequisite, please familiarize with this process first before applying to your strategy. As usual, this MUST be used with continuing notes posted throughout duration of this forecast to supplement but NOT REPLACE your trading discipline and risk management. If the limits of the update feature or update frequency do not satisfy your risk profile, then THIS IS NOT FOR YOU. As always, when price action disagrees with forecast meaningfully to you, IMMEDIATELY SCRAP THE FORECAST and trade defensively. If it is not obvious to you what meaningfully means in this context, then I repeat for a third and final time, THIS IS NOT FOR YOU
Comment:
Comment:
11:03 AM, in chart above, the opposite is also true:
a) bears need to hit 2015 again
b) and close 22-ish
c) if they don't, then they can forget it too
d) and if neither happens, then trade something else, there's nothing here to see
a) bears need to hit 2015 again
b) and close 22-ish
c) if they don't, then they can forget it too
d) and if neither happens, then trade something else, there's nothing here to see
Comment:
11:57 AM ET, THURSDAY:
Comment:
02:22 PM ET STILL 2033, bulls are not going to make in time for tomorrow
a) they are not going to hit 40s today
b) so not enough momentum to stop a deep check down on Friday morning
c) how deep?
d) 2024-26
e) so their best wont' be enough..
f) this will push the move into 2050 Sunday night-Monday AM
g) the intermediate trends deteriorate further
h) so MORE AND MORE SIDEWAYS AFTER THAT
i) gold sucks major league
j) think about it... up 6.5% since 2011 high
k) so that is 10$ A YEAR.. not a day, not a month, PER YEAR....
l) while the cost of living since 2011 had AT LEAST DOUBLED... if not trippled
m) gold is up $123 in that time frame
n) so that's a wrap for this post, ok?
m) if we some how manage to set something up NEXT SUNDAY ...
n) I mean who cares really?
o) have a good weekend, nothing happening tomorrow
a) they are not going to hit 40s today
b) so not enough momentum to stop a deep check down on Friday morning
c) how deep?
d) 2024-26
e) so their best wont' be enough..
f) this will push the move into 2050 Sunday night-Monday AM
g) the intermediate trends deteriorate further
h) so MORE AND MORE SIDEWAYS AFTER THAT
i) gold sucks major league
j) think about it... up 6.5% since 2011 high
k) so that is 10$ A YEAR.. not a day, not a month, PER YEAR....
l) while the cost of living since 2011 had AT LEAST DOUBLED... if not trippled
m) gold is up $123 in that time frame
n) so that's a wrap for this post, ok?
m) if we some how manage to set something up NEXT SUNDAY ...
n) I mean who cares really?
o) have a good weekend, nothing happening tomorrow
Comment:
THIS POST HAS ENDED. THIS SERIES TOO.
Comment:
HERE IS JUST 16 HOURS:
