INTRODUCTION - This is the 02/06/24, 15-min bar, ultra-detailed daily binary, CONTINUOUS & EVOLVING FORECAST (changes as often as I can update) for direction and shape of price action in FX_IDC XAUUSD gold ticker. In previous post #3, bulls hit the box as required, now they have 3 routes to take and it's too early to say which one.
DETAILS - As stated in the last hour, LIGHT BLUE is base case. Sometime tonight, I will be able to say if the favorite route has shifted to DARK BLUE. Odds of shifting to DARK BLUE is more than 2/3, but until it does LIGHT BLUE is still base case. GOLD route is a last minute possibility.
WARNING - This material is for experienced and responsible traders only. If you have any question in your mind whether you are experienced or responsible, then THIS IS NOT FOR YOU. As precaution, the first rule of trading is DO NOT lose money. As reminder, the second rule of trading is do not forget the first rule. As prerequisite, please familiarize with this process first before applying to your strategy. As usual, this MUST be used with continuing notes posted throughout duration of this forecast to supplement but NOT REPLACE your trading discipline and risk management. If the limits of the update feature or update frequency do not satisfy your risk profile, then THIS IS NOT FOR YOU. As always, when price action disagrees with forecast meaningfully to you, IMMEDIATELY SCRAP THE FORECAST and trade defensively. If it is not obvious to you what meaningfully means in this context, then I repeat for a third and final time, THIS IS NOT FOR YOU.