60 DAYS TO 2287 WITH GENERAL FINANCIAL MARKET CORRECTION
Once again, with humility and pride but strong conviction in due diligence, Binary Forecasting Service presents 60 DAYS TO 2287. In our group, I explained that the final high for golds rally is 3600-3700 and will arrive in December 2025 to February 2026. This stretched out rally also means a stretched out correction under 2300. While this only changed the coming week's expectations by raising the floor from 2415 to 2430-ish, this development means the correction under 2300 will take much closer to 60 days than the 30 days I previously thought.
This is because the 2425-2435 level will get bought, and the "long flat top" pattern we are still finishing, will repeat once more but roughly 20 points lower with its top line near 2507. This part alone will consume the next 31 days culminating in a 215 point retrace that should start with 10/02's ADP and/or 10/04's NFP.
For the record, I called for 2293 on August 26th when gold dropped from 2515 to 2507 because BFS proprietary trend engine saw that gold would fail to reach 2570s within the following 36 hours. This failure implied if the top was not in, it was very close and unlikely to be above 2543. We spent the rest of the week eliminating the various topping patterns and setting on this bearish pennant breaking this coming week. With the 60-day picture cleared up, I repeat my call for the general financial market's wipe out by end of October.
Having previously explained that out of the major sectors -- that gold had the strongest chart vs equity (Standard & Poor's 500, Nasdaq, Dow Jones), Bitcoin (and crypto in general), vs the Dollar Index (obviously, because we are talking gold priced in dollars), all other global currencies (expressed by all forex pairs half of which is USD), and including but not limited to, other commodities such as silver and crude oil -- that gold's incoming 9.6% correction would mean a VERY BEARISH general wipe out for the ENTIRE FINANCIAL MARKET AS A WHOLE featuring:
1) S&P 500 back under 5075 (maybe even under 4900 since this is an extra month out)
2) by the way, this would mean that the S&P 493 may be down 20-25%
3) NDX and DJI both performing worse vs SPY
4) Bitcoin at/near 44,000 (of course crypto wipe out as a whole)
5) this implies the other crypto instruments will be down by 20-30%
6) and of course the only notable winner in this stretch would be DXY
7) I also want to add for silver
- despite expectations that silver will perform worse in this stretch
- silver should close November 20 in a stronger technical position
- vs ALMOST ALL OTHER FINANCIAL ASSETS WITHOUT EXCEPTION
This chart is generic base case for our group 60 days out. As usual I will detail in continuous binary forecasting from here to 3750. Per new format to adhere to TradigngView guidelines -- while I may add some details every once in a while -- I will not update this post around the clock as I have done before. For followers looking for that, I am at the first link below this line.
This is because the 2425-2435 level will get bought, and the "long flat top" pattern we are still finishing, will repeat once more but roughly 20 points lower with its top line near 2507. This part alone will consume the next 31 days culminating in a 215 point retrace that should start with 10/02's ADP and/or 10/04's NFP.
For the record, I called for 2293 on August 26th when gold dropped from 2515 to 2507 because BFS proprietary trend engine saw that gold would fail to reach 2570s within the following 36 hours. This failure implied if the top was not in, it was very close and unlikely to be above 2543. We spent the rest of the week eliminating the various topping patterns and setting on this bearish pennant breaking this coming week. With the 60-day picture cleared up, I repeat my call for the general financial market's wipe out by end of October.
Having previously explained that out of the major sectors -- that gold had the strongest chart vs equity (Standard & Poor's 500, Nasdaq, Dow Jones), Bitcoin (and crypto in general), vs the Dollar Index (obviously, because we are talking gold priced in dollars), all other global currencies (expressed by all forex pairs half of which is USD), and including but not limited to, other commodities such as silver and crude oil -- that gold's incoming 9.6% correction would mean a VERY BEARISH general wipe out for the ENTIRE FINANCIAL MARKET AS A WHOLE featuring:
1) S&P 500 back under 5075 (maybe even under 4900 since this is an extra month out)
2) by the way, this would mean that the S&P 493 may be down 20-25%
3) NDX and DJI both performing worse vs SPY
4) Bitcoin at/near 44,000 (of course crypto wipe out as a whole)
5) this implies the other crypto instruments will be down by 20-30%
6) and of course the only notable winner in this stretch would be DXY
7) I also want to add for silver
- despite expectations that silver will perform worse in this stretch
- silver should close November 20 in a stronger technical position
- vs ALMOST ALL OTHER FINANCIAL ASSETS WITHOUT EXCEPTION
This chart is generic base case for our group 60 days out. As usual I will detail in continuous binary forecasting from here to 3750. Per new format to adhere to TradigngView guidelines -- while I may add some details every once in a while -- I will not update this post around the clock as I have done before. For followers looking for that, I am at the first link below this line.
הערה
FOR THE RECORD: expected corrections for ES/NQ/BTC
1) in chart above both ES/NQ had ATH in July
2) but gold continued to new ATH in August (NOT JULY)
3) whereas Bitcoin of obviously topped months ago
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