SUMMARY - This is the 11/17/23, 15-min bar, 5-day, working draft of the CONTINUOUS EVOLVING FORECAST for direction and shape of price action in FX_IDC XAUUSD gold ticker. #5-4 rally really got killed at 1:04 AM this morning when I said "CANCEL EVERYTHING" because there were perfect curves aiming for 1956. At 2:45 AM, I said gold had bought 2 more hours and had to move to 1990, HOLD, AND KEEP GOING to 2000, 2012 and higher to stop the rug pull. Holding 1993 for an hour did not cut it and we find ourselves in the retrace. The bad part is that the retrace is likely not over until Sunday or Monday. The good part is WE START THIS RALLY ALL OVER.
WARNING - 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 the following 12-16 hours to supplement - not replace - your trading discipline and risk management. As of late, forecasts are once per day to be continuously relevant. As always, when price action disagrees with forecast meaningfully and I do not respond in time, SCRAP THE FORECAST and trade defensively.
HOW TO USE - Blues are strong bull routes. Oranges are strong bear routes (none this time). The darker the color, the more likely price action will take that path.
DETAILS - Links for most recent and relevant posts are below for background and how we got here. I recommend that you replay them (especially if you are new to us) occasionally as frame of reference, but most importantly, as evidence that these forecasts help you cash day in and day out. Ask my readers.
IF MY FORECASTS HELP YOU MAKE REAL MONEY - Want more posts, more accuracy, and around the clock updates? Help me out by telling people you know PERSONALLY. Word of mouth will help make this regular thing. The current rates of followers and readership is really not worth it for me to keep going, but I keep trying to help you cash that trade everyday. If you can't have friends because your wife say they are too much fun, well then I guess hit the boost/like button.