16-HOUR/DAY CONTINUOUS GOLD FORECAST, 50 PT BANGER FOR PPI
Updated
Intro - This is Binary Forecasting Service's CONTINUOUS GOLD FORECAST featuring 16 to 20 hours a day around-the-clock coverage of FX_IDC: XAUUSD ticker, with two of top three outcomes highly detailed in proprietary trend maps from Sunday open through all of Tuesday. This data must be used with continuous updates to remain relevant until it is replaced. Using without staying updated is dangerous. If you can't follow the updates, highly recommended that you NOT USE THIS. You have been warned.
Details - In chart above, yellow is favorite under 2377 and gray is favorite over 2377. Sunday night should have a test of 2371-72 resistance before 10 PM ET. Reaction here determines gray or yellow. Since yellow is the favorite, circles are entries, rectangles are exits. Light yellow is distant third place, but worth keeping track of because mean averaging and just in case. All three routes converge at PPI for a 50 point rug pull.
If you have access to my private Tradingview forecasts, continuing from Friday's close:
1) we are still long at open, stop 58.5 bc bulls still have the lead now
2) bulls are expected to bounce up to at least 2373
3) BUT retracing at open (bc we are at bold trend line already, chart at top)...
4) will make "light yellow" the favorite VERY SOON AFTER THAT
5) on a daily basis especially under 6 hours bulls are still favored for one more high
6) if bulls break above 78 and hold in first 6 hours (by 11 PM ET)
7) THEY CAN RUN IT UP 50 MORE to 2428
8) but in my opinion, this is also their LAST WINDOW
9) if still under 2373 by 11 PM, retrace to 2346 is favored (yellow route)
10) if between 74 and 79 after 11 PM ET bulls get an extra hour to break out and up
(it's really hard to imagine bulls skipping Sunday night, and still have a shot on PPI release)
11) I have eliminated everything above 2428
12 I have eliminated double top scenario 2440-2480 etc...
13) whether or not we take gray or yellow route, does not alter May low expectations
14) see the update in new Intermediate Macro 2377-2222-2620 for that comparison
15) probably have to publish more public posts now and then so people know this coverage exists
16) once a week or less should do it
17) that's it until I'm on at Sunday open
Details - In chart above, yellow is favorite under 2377 and gray is favorite over 2377. Sunday night should have a test of 2371-72 resistance before 10 PM ET. Reaction here determines gray or yellow. Since yellow is the favorite, circles are entries, rectangles are exits. Light yellow is distant third place, but worth keeping track of because mean averaging and just in case. All three routes converge at PPI for a 50 point rug pull.
If you have access to my private Tradingview forecasts, continuing from Friday's close:
1) we are still long at open, stop 58.5 bc bulls still have the lead now
2) bulls are expected to bounce up to at least 2373
3) BUT retracing at open (bc we are at bold trend line already, chart at top)...
4) will make "light yellow" the favorite VERY SOON AFTER THAT
5) on a daily basis especially under 6 hours bulls are still favored for one more high
6) if bulls break above 78 and hold in first 6 hours (by 11 PM ET)
7) THEY CAN RUN IT UP 50 MORE to 2428
8) but in my opinion, this is also their LAST WINDOW
9) if still under 2373 by 11 PM, retrace to 2346 is favored (yellow route)
10) if between 74 and 79 after 11 PM ET bulls get an extra hour to break out and up
(it's really hard to imagine bulls skipping Sunday night, and still have a shot on PPI release)
11) I have eliminated everything above 2428
12 I have eliminated double top scenario 2440-2480 etc...
13) whether or not we take gray or yellow route, does not alter May low expectations
14) see the update in new Intermediate Macro 2377-2222-2620 for that comparison
15) probably have to publish more public posts now and then so people know this coverage exists
16) once a week or less should do it
17) that's it until I'm on at Sunday open
Comment
6:53 PM, Eariler I said: a) "it's really hard to imagine bulls skipping Sunday night, and still have a shot on PPI release"
b) and "I have eliminated everything above 2428"
c) well forget both those things, bc I eliminated the first outcome for the wrong reason
d) which is the original Tuesday-Wednesday 2440 outcome
e) but without the second leg to 2480
f) this is difficult stuff we're dealing with
g) because you have to get a HIGHER HIGH than 2432 AND ONLY ONE..
h) this is why Elliot wave hurts so many people
i) because it's the move THAT DOESN'T FIT and they can''t' answer for it
j) until 2 yeas down the road when they observe in hindsight
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7:55, I think I know exactly what's going to happen.a) if you've been following me a while
b) every now and then PRICE MOVES RIGHT IN THE MIDDLE OF ALL OF THAT
c) so in chart at top , that blank space?
d) is what's going to happen
e) sideways, like this, but finishing as MIRROR IMAGE OF YELLOW ROUTE
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5/11/ 8:00 PM ETa) people ask a lot, how can you do analysis when market is closed?
b) that silly AF!
c) bc how can you do if it's open???
d) while it's open, you only have time to react
e) sometimes, you figure it out... and the move's over
f) yeah great work genius...
g) so original route to 2440 on Wednesday but breaks all the rules
1) how?
2) this will be THE TOP ahead of the MAY JUNE BOTTOM
3) so I can tell you right now, the Elliot Wave people ...
4) will be expecting another move to 2480, 2520 blah blah
5) and they will be 300% wrong because IT''S going under 2300 before it slows down
6) the part that is deceiving ... is that the floor gets raised to 2277
7) but this can only be understood at 3400
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8) this call is hard AF TO MAKE not because you can't see it...9) but because you can't see what should come afterwards
10) but I have the extrapolations for all route go 6/12
11) you can be sure bout that
12) so sunday plan?
13) stay long, exit 2375 because it will zig zag after that
14 ) and move to 56 again on Monday morning
Comment
10:52 PM1) 3400? ... I meant 2700, what's 3400 gotta do with anything.?
2) but as much as I've tried to raise the floor since 2195/2222
3) I am still at 2222, even with 2440 high...
4) and 4 weeks ahead FOMC... 19 trading days
5) to get from 2440, to 2222, sideways zig zag etc...
6) basically cannot disprove 222 until...
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5/12, 1:48 AM, For people in BFS channel/group. The whole has been taken down and have been banned for no apparent reason. I am also banned. I have already contacted the customer service and waiting for anything to figure that out.Comment
2:02 AM, Took down all links again to avoid trouble.Comment
5/12 SUNDAY,10:00 AM, for everyone that get Binary Forecasting private TradingView posts (regardless of how you got them before) a) first, I have to keep this series public for a few days to solve this issue
b) I am getting everyone on the same page first bc I have different sources
c) by end of this week, you will receive them through my invite list
d) so as long as you still want them, you will get them, just directly through TradingView
e) if you don't have a TradingView account, get one bc it's free
f) if this is problem for you, then I will take you off the invite list and get to it next week
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6:03 PM 62.xx low holding and forecast is slowly upComment
6:10 62.xx stop needs to be 60Comment
6:25: that line needs to hold for bullsComment
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6:27 go in again and made stop 59a) but THAT LINE NEEDS TO HOLD
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b) 6:49 same situation c) we are long bc a move to 77 is favored
d) but this thing is dragging so I don't want any surprise spike down
e) so that's why it's tight
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7:37 PM 60.74, EXIT LONGS, I've seen enough.Comment
7:41, In chart above it's closest to the light yellow now.a) this was the weakest one
b) the one that I had on the chart just in case
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c) so trend engine says at 60.88 right nowd) to short with a tight stop
e) and by tight I mean 61.7, maybe 62
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f 7:45, this is a purely based on short term trend g) bc it has missed several spot to spike up
h) and you trail down as you go
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7:50 next move is 2352Comment
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1) in chart above, we are about 64 as I type2) ceiling is 73 and floor is around 51.
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3) not obvious how much zig zag we need to get to that box4) so not a lot of value here
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5) so we are going to make this M with second top RIGHT BEFORE PPIComment
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6) breaking this spot here means YOUR TARGET IS 427) same rule applies as before
8) if it's not one route or the other, it's in between
9) but they both to at least
10) it's 58.xxx and 9:16 so i'm going say 7-9 hours until 43.5
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9:25 57.xx so here's what we know now:Comment
a) in chart at top I put 2 circles to short ok?b) we never made the first one
c) had we did or get closer, the floor would be 52
d) but we didn't so I place it at the top box at 43.5
e) the light yellow IN CHART AT TOP actually reach 25
f) the one I adjusted is 43.5
g) so I don't think we make to 25...
h) BUT WE SHOULD DO BETTER THAN 43.5
i) which means 36
j) BUT?
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k) if it plays this pattern, IT SHOULD HAVE A SPIKE BEFORE 36 LIKE THIS:Comment
NO WAIT.. THAT'S TOO FAST, needs to be WIDER!Comment
9:54 not 36, first 52 and then 43 laterComment
1) I disproved 36.2) so PPI is going to deiver 55+ points
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10:16, about to go down hard.Comment
10:35 maybe not so quick hold onComment
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1) we are still going to get that M2) it just has to look different
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12:27, 2355.7, I think it's over right hereComment
a) if still shortb) stop has to be 56
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12:36 looks like it's going to drip and rip after the bounce which means this:Comment
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1) in chart above so take it with a grain of salt, or a jar if you have it2) will post new draft in the AM
3) Tradingview hates it when I update too much remember?
4) bc that's "gaming the system"!
5) so gotta end right here night
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ONLY WAY TO 36Comment
1) bull route is 50-56-45 and up2) bear route should be 47-52-45-36
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3) under 43 becareful, bc I can't see how we avoid 75 before PPIComment
- *side note for "Sandeep P", I don't know who you are Tradingview so just make a comment on message board so I know who you areComment
1:40 AM, 2352.XX, here this chart is obvious and...a) meanwhile, 2312 is NOT happening
b) that's called "a cold day in hell"
c) because it doesn't happen
d) 43 is today's floor, full stop
e) tomorrow is at least 70 if not 80
f) before draw down
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HA.. 47 ... WELL THEN POST HAS ENDED, HERE IS NEXT ONE :
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