So this is same proportion vs GLD chart (meaning 107 min in spot/futures is roughly 29 minutes in the etf NOT COUNTING PREMARKET/AFTERMARKET). And wait 10 seconds and I will add OANDA chart here too:
Volume in the ETF is signaling next move is 1680. See more in #002-2 for spot (XAUUSD) and #002-3 (GC1!) for futures.
NOTES: 1. ENTRY LONG 6:42 PM ET, MONDAY 02/01, $1859.60. 2. STOP LOSS: 1822 3. TARGET 1: 1990 BY 02/25 4. TARGET 2: 2075 BY 03/19 Will add if I have time.
Organic proportions between price volume say it aint over til we break 2020. Want to add more if I have time.
WANTED TO POST THIS BEFORE XMAS BUT FORGOT. Made this on December 20-23. Didn't have time to clean it up and make it look presentable. Basically the two bold blue lines should dictate price. Come back and check this out in March/April.
FIRST POST SETTING WAS WRONG. SO THIS IS 3H BAR DEMO OF PRS /OS CURRENT EXPECTATIONS. COME BACK TO THIS END OF JANUARY, WILL MAKE MORE SENSE. I will update as developments happen. Right now, still expecting 1 more move up likely in the next week. But this may take 3 days or 3 weeks, we will see.
IF BULL THESIS IS TRUE (BULL MARKET FOR GOLD), GOLD SHOULD TAG 2025 IN 10 DAYS, NEW HIGH POSSIBLE. THAT SAID, IT WILL BE SOLD DOWN AGAIN BEFORE THE TRUE RALLY STARTS. Notes: First, for those who care, this chart is GC and not XAUUSD. In gold correction through November, I've made exciting improvements after spending a great deal of time on noise separation...
FIRST OF ALL, WE CAN GO TO 37K-40K AREA NEXT, BEFORE THE DRAWDOWN. THAT SAID, ODDS OF TAGGING 18K AGAIN IN NEXT 35 DAYS (5 WEEKS) IS VERY, VERY HIGH. I'm hella busy so I may not have time to add anything even though I want to. But if you are in bitcoin, its TIME (but not HIGH TIME) to take some off the table, especially if it makes one more pop to 37K+ the next...
BEEN ABSOLUTELY CRUSHING SP&500. SO THIS IS WHAT IS COMING UP. Notes: There is a ceiling here under 3500 for a couple of weeks. I actually think this should top really soon and start moving down (posting this Sunday night CT). Volume is not indicative of a break out yet. It is saying that bid/ask is disproportionate to the money coming in, in a bad way. ...
NO, I NEVER POSTED A DRAFT 4B, BC I NEVER MADE ONE. Notes: This one I listed neutral bc of the sideways move for the entire next 3-4 weeks. So pick your spots, but both of those circles should hit. If you my follow posts, you will see when I note cross asset correlation. Next 5 weeks same theme for S&P 500 and gold generally speaking. Will add if I ever...
REMEMBER WHEN IT WAS 9800 AND HALF THE WORLD CALLED FOR 6K? AND I DEMANDED 16K? NOT QUITE 16K YET, BUT NOT TOO SHABBY. Notes: If you've been following my bitcoin posts, I've absolutely crushed this entire move last 60 days with the exception of 3 day zone (when I even offered the unlikely early breakout route and explained why it may/may not move aggressively...
SO I JUST POSTED NEW DRAFTS FOR S&P 500, GOLD AND BITCOIN. THIS IS OIL 3A. IT NEEDS TO BE REVIEWED, BUT HERE'S WHAT I KNOW NOW. Notes: Price-wise, oil is not in a good place by any means. It is at risk of moving much, much lower. But early (short-term) trends do imply a double dip to higher low next 4 weeks, but that doesn't mean that oil will necessarily...
COMPLETED DRAFT. Notes: Double checked the work and it checked out. Again, the dollar is bearish overall. By no means is it straight down because there will MANY MANY ZIG ZAGS for the foreseeable future for short and intermediate timeframes.
PRELIMINARY CURVES FOR DRAFT 4. Please like for my sake. About half done with this. Ran out of time today. If you only read me for gold, check out the recent work in the other tickers. This refined methodology has been delivery the goods for the S&P 500, TSLA, Bitcoin, oil, gold since draft 3, and starting to track EEM. Had some trouble with DXY, but I...
COMPLETE UPDATE FOR IOVA. Notes: The difference between complete draft and incomplete draft is basically blind spots that show up on different looks. Anyway, under 35 is moderately strong buy for 43-44 late January or early February.
THIS IS "4A" BC THIS IS NOT A COMPLETE DRAFT, IT WOULD TAKE MORE TIME THAN I HAVE TO COMPLETE A PRESENTABLE DRAFT. SO FOR WHAT IT'S WORTH, HERE IT IS. Notes: For the last 10 days, I've nailed targets S&P500, OIL, GOLD, BTCUSD, TSLA, and EEM. DXY will take somework to map out, consider this 1/3 finished for DXY draft. Obviously, the election process and when...
DOUBLE CHECKED MY MATH AND HERE IT IS. Notes: No real difference vs DRAFT 4B, it' is just saying I've done due diligence.
THIS IS NOT "NEW", IT'S JUST A DETAIL ON DRAFT 4, HENCE I'M CALLING 4B. Notes: So first, the big picture is still Draft 4 b/c I haven't detailed enough for a new draft. For the next week or so, it looks like this right now. I don't love this 4B draft bc there are blind spots I haven't cleared up yet. If I have time, I will post a "Draft 4C", which may clear it...