A technical forecast for the price of Gold in the next 2 weeks

٤ سبتمبر ٢٠٢٣

XAUUSD
Shown here is an hourly chart of the spot price of Gold and my price forecast based on a statistical study of Gold's reaction against Bollinger bands. The price forecast is then shown using the wave tool. So this is not an Elliot wave analysis. I am only using the tool to project price. This is a statistical forecast.
The key entry levels for shorting and buying are shown by the arrows. The price levels that the arrows correspond to are also on the chart so the reader can easily reference their exact price. While I can't be as confident on whether Gold will go up first before it goes down, the same statistical approach was used to determine the trajectory/direction. The important thing is to focus on the colored arrows for entry and the white arrows for exits. This should all unfold in the next couple of weeks.
This is a trade for me.

Good luck.