Introduction - Bulls are holding 43-year trend line at 2360s while NASDAQ bears formed a soft ceiling at 2400 that should hold past through May 1st FOMC. The result has gold range bound, predominantly between 2367-2392 for the incoming nine trading days, after which gold should head for 2444 and higher. Details - Follow up to 9-1 DRAFT's failure to break out...
Introduction - London, of all places, vigorously defended 2373 and destroyed scheming bears' setup for 2285 this morning. Is this a sign that miracles do happen? No, it simply means 2444 is next. This also means a slow side-ways-to-up to 25xx in mid-May before MAJOR CORRECTION ahead of 6/12 FOMC. As always, we trade one day at a time and will cross that bridge...
Introduction - Didn't your mother ever tell you not to play with your food? Bulls with upper hand near 2400s once again trapped by hubris. Believing themselves invincible post Powell speech allowing bears to hang around with the door to 2275 still wide open. Will they regret this indecisive decision? Only time and Binary Forecasting Service's trend engine will...
According to my chart analysis ,Gold GC xauusd show strong signal to sell .
Intro - Don't have any time this morning, so to sum it dungo jinxed London sessio now we have to do 2460 the hard way. Details - Ditto. Obviously 2460 right? Is that still obvious? Will add if time.
Always good to measure against the DXY not just the USD value Not perfect of course as it is mainly the Euro and Yen but still insightful. Been watching the relationship for a while currently breaking out to the upside HVF theory means this should be a violent expansion Target 1 coming up.
Gold (June) / Silver (May) Gold, yesterday’s close: Settled at 2383.0, up 8.9 Silver, yesterday’s close: Settled at 28.717, up 0.387 Gold futures traded above $2400 and Silver above $29 early in the session but did see a wave of profit taking through the thick of European hours, but are attempting to stabilize ahead of the U.S. bell. The construction off...
Gold saw a pullback of nearly $100 from a high of $2,431, followed by a slight rebound, dragging the price to $2,370 per troy ounce. This increasing volatility begs the question of the market’s state. To address this, we would like to note that the rising volume has been accompanying the increasing price, which is positive (and, indeed, quite impressive,...
Intro - This should be the next step on our way to 4800. 5500 is now unlikely considering what Friday's top means going forward. Details - Will break it down as we go. But be aware, I am not going to as helpful as I usually am.
Introduction - This is continuation of a series that intends to deliver you 5500 in November 2025. I did say I would not make another public post because of what I felt was bad policy. That should not, however, punish the entire field of TradingView users from the benefits of the incoming rally to 2450, 2500, and ultimately 2675+ before 05/01 FOMC. From Here On...
Shortly after the futures market opened, gold reached our long-time-awaited price target of $2,300 and established a new all-time high at $2,305 before retreating slightly lower. We continue to be bullish on gold in the long term and believe it can reach significantly higher price tags ($2,500 and higher) due to future rate cuts, sticky inflation, and a weak U.S....
Gold (June) / Silver (May) Gold, yesterday’s close: Settled at 2351.0, up 5.6 Silver, yesterday’s close: Settled at 27.807, up 0.304 Gold futures have now set a fresh record high for the eighth straight session. Although Silver is well below its 1980 and 2011 record highs of $50, the underlying strength exuded in recent sessions is certainly nothing to...
Introduction - After proof checking DRAFT 7-5 for all weak spots, this updated and detailed draft is the base case guide going into today's open in six and a half hours. Details - All background information, data, concepts, suggestions, and etc... can be found in previous DRAFT 7-5. This post is for continuous updates/notes/commentary on live price action from...
Introduction - With both pride and humility but pure anticipation, I present you my life's work summarized in one day's price action. DRAFT 7-5 is the latest of a series that attempts to accurately map gold's heroic route to 5500 (due November 2025) with respect to both price and time. Since nailing the 1810 low in October 2023, this proprietary "fractal...
Introduction -I've been looking for this move 4 weeks now. I think it's now, RIGHT NOW! Details - My daily notes bat pretty well but I've been very frustrated not hitting one "giant but quick super rally" for last four weeks. These things have a "very specific look" that I call "reverse one step water fall". Will explain later. So when they show up in major...
Introduction - This is a followup to DRAFT 7-2, which was shredded by bears of the UK this morning at 3 AM. Combined layered trends on all time frames say gold is about to correct this problem by going to 2400 before London re-opens in order to avoid shenanigans on the way up. Naturally, we expect one round of selling in Asian session at the 44-year trend line...
In the previous post on gold, we expressed our fears about the shiny metal amid a sudden spike in volatility and a slight drop in the U.S. market indices (accompanying the spike in VIX). Nevertheless, it did not take long for the volatility to falter and the fear to disappear among market participants. Quickly, the market leaped higher, and gold followed in...
Introduction - Ceremoniously, with conviction in due diligence and much more anticipation, Binary Forecasting Service, presents 2300, 2350, and 2400 in succession before this week is out. Continuing from DRAFT 7-2 and price action in the last hour, bulls responded to bears's apparent "overselling to 2253" with a spike to 2277. In which ferocious bears jumped on...