Forcast arrays have clear rules which you can follow. There are a few situation were it's hard to decide whether it's turning point, cycle inversion or sideways movement, but in general there is not that much ambiguity if you follow all the rules
One of the rules is indeed the 1% rule. Three weeks ago I wrote:
Gold elected the "important" monthly reversal in June. We closed 1,392.08. The Bullish monthly was 1,362.50. (~2,2% above the reversal).
So according to the 1% rule we need to test the 1,362.5 reversal within 3 time frames (3 months, so July, August or September).
At the moment gold is testing 1,500 so it would need to come down ~9%.
I'm hoping it will test 1,362.5 as I would like to buy more but I think it's not reachable.At this moment Gold is around 1,530.
@Alex-11, Do you still see it testing the reversal at 1,362.50?