#3-5 THE MOST ACCURATE GOLD FORECAST IN THE WORLD
WARNING - This is a follow up of previous work. I have stopped "around the clock continuous updates and notes" that detail hour to hour price action. This is all you get until the next one. 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 first rule. As usual, this is meant to supplement - not replace - your trading discipline and risk management. As always, when price moves against forecasts and the next one is not posted, SCRAP THE FORECAST and trade defensively.
HEADER - This is the 15-min bar 5-day generic forecast for overall direction and shape of spot gold price. After #3-4B failed within hours last night, I said that price should move in the "middle of both routes" early this morning. With that check down in between, this is now the forecast with orange a 7:3 on time frames combined. I used to say that, and wasn't sure I could prove it. Now I can. Furthermore, I just improved my long term bull/bear handicap IN A MAJOR way. We will talk bout that some other time, but let's just say I know which way we're going come January 10 to March 8th period I have been talking about for so long. Why the name change back? I used to call it "THE MOST ACCURATE PRICE FORECAST...", I took it down bc I couldn't do around the clock to DEFEND that usage. Now it's "THE MOST ACCURATE GOLD FORECAST...". This I am pretty sure I can defend now EVEN W/O around the clock hour to hour updates. This part I only figured out today.
SUMMARY - Light blue is bull route from #3-4B. Blue is current underdog bull route with a condition that price move to blue box AND HOLD to change odds meaningfully. Light orange is one week out from #3-2 kept for mirror patterns. The two bold lines determine the result of tomorrow's NFP price action. Should orange play, the 2 channels going down will dominate price action for the coming week.
FRAME OF REFERENCE - Links for 5 of most recent posts are below here. I always recommend to replay them for frame of reference and most importantly, evidence for our conviction.
HEADER - This is the 15-min bar 5-day generic forecast for overall direction and shape of spot gold price. After #3-4B failed within hours last night, I said that price should move in the "middle of both routes" early this morning. With that check down in between, this is now the forecast with orange a 7:3 on time frames combined. I used to say that, and wasn't sure I could prove it. Now I can. Furthermore, I just improved my long term bull/bear handicap IN A MAJOR way. We will talk bout that some other time, but let's just say I know which way we're going come January 10 to March 8th period I have been talking about for so long. Why the name change back? I used to call it "THE MOST ACCURATE PRICE FORECAST...", I took it down bc I couldn't do around the clock to DEFEND that usage. Now it's "THE MOST ACCURATE GOLD FORECAST...". This I am pretty sure I can defend now EVEN W/O around the clock hour to hour updates. This part I only figured out today.
SUMMARY - Light blue is bull route from #3-4B. Blue is current underdog bull route with a condition that price move to blue box AND HOLD to change odds meaningfully. Light orange is one week out from #3-2 kept for mirror patterns. The two bold lines determine the result of tomorrow's NFP price action. Should orange play, the 2 channels going down will dominate price action for the coming week.
FRAME OF REFERENCE - Links for 5 of most recent posts are below here. I always recommend to replay them for frame of reference and most importantly, evidence for our conviction.
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MIRROR PATTERN - The current orange favorite - again and again - just happen to be the mirror image of the #3-4 blue route that DID NOT work. While its tail end next week, is the mirror of the one week out early from #3-2.
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THE BEST WAY UP IS UP NOW:
1) 1:37 PM ET, if you understand this, you will understand about 1/3 of forecasting already
2) the best way for bulls to guarantee their move is
3) to move all the way up to like 1995 or something NOW...
4) I'm saying they will, bc trends say they wont
5) but that's the best way...
6) bc if it does sell off, they'd still be in great shape above the triangle.
2) the best way for bulls to guarantee their move is
3) to move all the way up to like 1995 or something NOW...
4) I'm saying they will, bc trends say they wont
5) but that's the best way...
6) bc if it does sell off, they'd still be in great shape above the triangle.
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7) but the key is always the REACTION OR THE HOLD
8) it doesn't matter if goes to 2000 if it's just going to reverse to 1985 in 2 hours
9) bc that barely moves the overall trend at all
8) it doesn't matter if goes to 2000 if it's just going to reverse to 1985 in 2 hours
9) bc that barely moves the overall trend at all
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10) at 4) typo... I'm NOT saying they will... key word there
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11) typo in header 7:3 on ALL time frames combined
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7:30 PM ET, WE ARE GOING TO NEED#3-5B
1) so if you zoom in chart at top
2) price is right in between blue and orange route
3) both blue and orange really needed their move
4) there is one outcome that doesn't need any of that is
5) irregular quad tops or quintuple tops
1) so if you zoom in chart at top
2) price is right in between blue and orange route
3) both blue and orange really needed their move
4) there is one outcome that doesn't need any of that is
5) irregular quad tops or quintuple tops
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6) 7:43 PM ET, LIKE THIS:
7) and this is also best fit for the 50 day picture
8) bc we need to do 1940 then 2080
9) but starting the move tomorrow would be about 8 trading days early
10) while forecasting irregular quad tops is next to impossible
11) that would fit everything perfectly from here to Jan 8
12) almost top perfect to be realistic
13) but I will put it up in a couple of hours
8) bc we need to do 1940 then 2080
9) but starting the move tomorrow would be about 8 trading days early
10) while forecasting irregular quad tops is next to impossible
11) that would fit everything perfectly from here to Jan 8
12) almost top perfect to be realistic
13) but I will put it up in a couple of hours
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14) mainly bc I can't think of anything else here except an early route to 2080
15) and absent a surprise attack on Iran, that is not remotely realistic
15) and absent a surprise attack on Iran, that is not remotely realistic
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10:55 PM 1987.54, Still working on #3-5B Will post soon.
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THIS POST HAS ENDED, & HERE IS #3-5B:
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