Gold Spot / U.S. Dollar
Long

MQP GOLD BASE CASE #25, GOLD 6 MONTHS OUT ROUND 2

162
VERY EXCITED ABOUT THIS WINTER. PLEASE CHECK OUT THE PREVIOUS WORK BELOW, IT WILL EXPLAIN THE ENTIRE PROCESS.

Like for support!! Though first, let's review my intermediate/long gold forecasts since 02/22/21. This was the week that I started using my refined PRS system.

1. FEBRUARY 24TH, I posted the last gold drawdown (did not hit 1627, but did hit 1678):
#002-4 GOLD IN DANGER (Elliot Wave & PRS path to 1627)


2. The same day that I detailed the "GOLD IN DANGER" MOVE:
#002-5 GOLD IN DANGER (ORGANIC PRICE/VOLUME ANALYSIS)


3. MARCH 8TH, FORECASTED THE RALLY BEFORE EVERYONE, PERIOD, FULLSTOP. To be fair, I did NOT think we had bottom yet.
#003-1 GOLD RALLY 2028 BY 09/05/2021 (FIRST DRAFT)


4. MARCH 19TH, still searching for a bottom at this point.
#003-2.6 GOLD SEARCHING FOR A BOTTOM


5. MARCH 30TH was the last 6-MONTH PICTURE, killed it.
#003-3.1 GOLD 6 MONTH PICTURE


6. APRIL 3RD, I explained the 2 paths up, and why BLACK WAS FAVORED. That said, I chose to go with blue one for the short term move up. Since that didn't play out, I proceeded w/ THE BLACK PATH. That's why the short term forecasts have been too bearish for the last 15 days.
#003-3.4 GOLD RALLY TO JULY 10TH (2 PATHS)


7. APRIL 8TH 70-DAY CHANNELS nailed the "angle of the move", this also caused me to forecasts SIDEWAYS CONSOLIDATION FOR LAST 2 WEEKS after nailing the move to 1840s.
#008.1 GOLD 70 DAY CHANNEL


>> So if you follow my gold posts, you should be aware of the overall theme as opposed to a "SHORT TERM FORECAST".
>> See you later, space cowboys.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.