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....
Introduction - This is my last public post on TradingView. I am tired of being accused of manipulating the algorithms for views. Maybe I needed attention in the past, but I am not in that game anymore. So from here on out all posts will be private, full stop. So only people that know about it and want them can get to them. Therefore, I cannot be accused of...
Introduction - Earlier today in 7-6, gold did not take the first route to 2465. This means several things that I will detail later. First of all though, it means there will be a false quad top at 2460. The fifth top should arrive by end of this week with prices aiming for 2500s. Details - Sunday open's 27-pt rug pull is ultimately the factor that altered short...
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...
ALL PREVIOUS BULLISH FORECASTS CALLING FOR 2300s-5000 ARE DEAD EFFECTIVE IMMEDIATELY! Intro - Binary Forecasting Service's proprietary counter-manipulation signal has picked up a crushing signal due to "bears of UK/LBMA" action after unexplained sell off from 2282 to 2275. Normally, this would not be a problem except that its timing has been SUCH A REGULAR...
Introduction - Once more, with conviction in due diligence and much, much anticipation, Binary Forecasting Service presents: 2350, 2440, and by extension 2520 all before 04/23/24. At publishing on Saturday March 30th, that is 12.85% range in 17 trading days but counts as 25% if the trend engine can nail the 150-pt "V" move (for an extra 300 pts) between 04-09...
Introduction - Looks like we are moving for 2300 and 2400 in a runaway top for 3/31 and 4/01. As of 5:28 PM ET on 03/25/24, every prerequisite is in place and Binary Forecasting Service's trend engine explicitly calls for this move to be the outright favorite. For the next 10 hours, if price stays under 2175, this makes this outcome even more likely as the trend...
Introduction - Once again with conviction in due diligence and much, much anticipation, Binary Forecasting Service presents 2300 tomorrow by noon New York time. From time of posting at 4:46 PM ET on 03/27, that is less than 20 hours away and I am dead serious. Details - For background , see previous work in links below to recent drafts. Otherwise, consider: 1)...
Introduction - This is a continuing series to map spot gold price action to 2360 but ultimately 5400. Details - See previous posts for how we got here. Otherwise this is the most updated trend map at this time. If it's going, it's going like this, either direction. Binary Forecasting Service's trend engine strongly favors bull outcome.
The war against sound money... keeping a "lid" on the price of the worlds biggest asset and truly the only real collateral in the world. Is being slowly lost. We have a continuation head and shoulders that many people are watching. But something to note Is that the previous times #Gold has traded above 2 thousand dollars The smackdown has been quick and...
It is often said that gold tends to perform well during economic uncertainty and crisis. But is this really so? Let’s examine gold's volatile history before and during recessions in the past 50 years. The 1960s and 1970s were marked by many economic and geopolitical changes, including multiple crises of the British pound, the collapse of the London Gold Pool, the...
Introduction - Evolving again, but we are still going to go to 2365 by 4/12. This is the route to 2310 twice. Let's get this right first. Details - I have to keep this brief if I am going to give you more drafts that adjusts to changing conditions. So this is the "favorite now". The second top will be higher, but we will cross that bridge if and when.