SUMMARY - This is the 11/23/23, detailed CONTINUOUS EVOLVING FORECAST for direction and shape of price action in FX_IDC XAUUSD gold ticker. This continues from #001 NO MORE THINKING which only tag 1987 yesterday and set up a rally for the evening that failed at 1998. I I broke down that rally step by step until I got busy but did say that the rejection at 98 that sent price to 92-94 was bearish AF. The price for failing that rally is a lower floor for Thanksgiving day. This trend line is 1979, but price could break before Thanksgiving hours close early at 12:30.
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. As usual, this MUST be used with continuing notes posted the following 12-16 hours to supplement - not replace - your trading discipline and risk management. As of late, forecasts are once/twice per day to be continuously relevant. As always, when price action disagrees with forecast meaningfully and I do not respond in time, SCRAP THE FORECAST and trade defensively.
DETAILS - Charts are self explanatory. Links for most recent and relevant posts are below for background and how we got here. I recommend that you replay them (especially if you are new to us) occasionally as frame of reference, but most importantly, as evidence that these forecasts help you cash day in and day out. Ask my readers.
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