INTRODUCTION - This is the 01/14/24 binary, 15-min bar, ten-day ultra detailed, CONTINUOUS & EVOLVING FORECAST CONTINUOUS EVOLVING FORECAST for direction and shape of price action in FX_IDC XAUUSD gold ticker. I have talked about this explicit time frame for twenty months. Trend maps called the low in aftermarket of Thursday 01/11 and is currently allowing nine trading days to complete a break out setup. This map shows what is implied by all trends combined for this time frame and conclusive break out on Friday, 01/26.
DETAILS - So Thursday afternoon I posted the "parabolic arc" idea. We iced that one Friday afternoon because gold posted another disappointing close. My references who are experts on cycles suggested that 01/10 was the first day so "low in" on 01/11 is the apparently the move I am looking for. If that's the case,then the ceiling and for February is going to be 23xx while the retrace test to close February will put us around 2100 again. To summarize, the gold bull market will not truly get going until March 1st.
WARNING - This material is for experienced and responsible traders only. If you have any question in your mind if you are either experienced or responsible, THEN THIS IS NOT FOR YOU. As precaution, the first rule of trading is don't 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 frequency of updates and limit of update feature does not satisfy your risk profile, then THIS IS NOT FOR YOU. As always, when price action disagrees with forecast meaningfully to you, THEN SCRAP THE FORECAST IMMEDIATELY and trade defensively. If you have a question on what meaningfully means in this context, then I repeat for a third and final time, THIS IS NOT FOR YOU.