WARNINGS FOR PEOPLE THAT ALWAYS NEED THEM - 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 MUST be used with continuing notes posted throughout duration of this forecast to supplement - NOT REPLACE - your trading discipline and risk management. As always, when price action disagrees with forecast meaningfully and I do not respond in time, JUST SCRAP THE FORECAST AND TRADE DEFENSIVELY. As before, remember that there is AN ACTUAL LIMIT on how many updates I can post. Furthermore, I am only posting this for my regular audience only, who want them and know what to do with them. I am not here to hold your hand and walk you through this. If you haven't read my work for three months, I repeat, this is REALLY not for you. Are we clear?
SUMMARY - This is the 01/06/24, daily binary, 15-min bar, 120-hour generic, 48-hour ultra detailed, CONTINUOUS & EVOLVING FORECAST for direction and shape of price action in FX_IDC XAUUSD gold ticker. Continuing from PART 1, this type of forecast I will publish once or twice daily to end of January when the overall rally and correction pattern will complete. I am publishing these to manage expectations for the 01/24 RALLY to 2280-2360 as a whole. If you use them any other way, that is on you.
DETAILS - You need to read PART 1 for background first to understand where we are, so link is below in links section. In chart at top, the first box is ENTRY BOX. Current odds favor 2035 check down Monday morning, testing resistance Monday night. After rejection the on the first attempt, a break out Tuesday morning and 2085 Tuesday night, with a push for 2100 before NY opens Wednesday. So second box is probably high for first of three leg. I say that because it can push higher, but probably not much higher before checking down to the third box, the LEVERAGE ENTRY BOX. While it's ok to be early and more bullish then blue route, IT IS NOT OK TO BE more than a few points or a few hours late. In that scenario, tighten up stops and wait it out. I should respond with something in 12 hours or less.