THE DEATH OF GOLD PART 1

SUMMARY - This is the 11/25/23, 3-hour bar, 45-day generic and 23-day detailed CONTINUOUS EVOLVING FORECAST for direction and shape of price action in FX_IDC XAUUSD gold ticker. From various configuration of regression waves, gold is expected to break support twice before kiss of death by Fed Minutes on January 8th.

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. This is a 45-day chart that will serve as overall guide to December 18.

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WHY ONLY DECEMBER 18? - A little bit too fuzzy in this area, will know more when we get there.

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10 MIN BAR ZOOM IN:

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FWIW, here is what detailing 3-hr bar looks like:

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11/25 4:25 PM ET, Do bulls have any more miracles? We will know on 12/06:

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a) in chart above:
b) Sunday open should lead to rejection at 2008-2010 again for the 10th time in two month
c) IF BULLS MAKE A NEW HIGH A 2020 on Tuesday 12/28 ...
d) while it's STILL a short for 1935-1945-ish...
e) it leaves open one last miracle
f) the problem is bulls have to hit this pattern PERFECT PERFECT not screw up the 12/06 reversal setup

Comment:

THIS POST HAS BEEN DISCONTINUED
a) if price follows orange route (chart at top) on 12/06-08..
b) then we will continue this post then
c) with PART 2 or somethingf...
d) in the meantime: LIVE #2!