WARNING - This is the 11/05/23 CONTINUOUS EVOLVING FORECAST for ICE/IDC XAUUSD spot gold ticker. 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 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 8-day generic forecast for overall direction and shape for price action detailed for the first 60 hours or through 11/08 (Wed) morning. Continuing from #3-5B, price is continuing to fill out the third of a quad top. Friday PM saw price held 1990 but failed to move for 2002. I said Friday morning that skipping the (1976-1981) check down will mean check down Monday AM. A subpar 1992 close has odds now favoring swings for the next 16 hours.
SUMMARY - Light blue and light oranges were saved from #3-5B. Dark blue is current 7:3 favorite vs field with two check down zones coming in Sunday night and Monday morning. In theory, we SHOULD only get one and not both. At THIS TIME, it looks like Sunday night check down. Brief gray hi-light has to be in the forecast only because it's Sunday open. Dark oranges are most likely bear routes that are massive underdogs but carry HUGE implications.
JAN 10 TO MAR 08 SETUP - 65 days until it starts, 124 days until it finishes. Please read end of #3-5B for a rough idea of what I planned out for you, and for quite some time too.
FRAME OF REFERENCE - Links for 5 of most recent posts are below here. I recommend that you replay them (especially if you are new to us) occasionally as frame of reference and most importantly, as the ground of our conviction.
IF MY FORECASTS HELP YOU WIN - Want more accuracy or "around the clock" updates? Help me out by introducing my work to people you know ONLY BY WORD OF MOUTH. The more attention I have on this process, the more I will deliver. I need a strong rate of growth for followers to make this worth it. As it is, it's really not for me and I keep trying.