Gold Forecast 22nd-26th April 2024 - XAUUSD Weekly Forecast Manipulation GDP PCE Jobless Claims PMI

Summary

This week's forecast for gold anticipates a potential downward move following a clear confirmation of an upward trend from the previous week. The speaker discusses various trading patterns, including manipulation areas and liquidity levels, which are crucial for understanding market behavior. They highlight a Doge candle pattern indicating a bearish move and a possible high-time-frame reversal. The speaker also emphasizes the importance of matching smaller time frame biases with the higher time frame for a more accurate trading strategy. They provide insights on how to identify and utilize manipulation areas and liquidity levels for trading opportunities. The speaker mentions their presence on various platforms, including a Facebook channel for daily updates, a free Telegram channel for voice notes, and a VIP channel for more in-depth analysis. They conclude by reiterating the expectation of a bearish move and encourage viewers to follow the provided links for more information.

Takeaways

• 🔗 The video description contains links to the speaker's Facebook Channel, Telegram Channel, and VIP Channel for updates throughout the week.
• 📈 The speaker anticipates a potential downwards move for gold this week, following a retest of support levels and a continuation upwards last week.
• 📉 A bearish move is expected to start at the beginning of the week, with a setup for a significant drop on the higher time frame.
• 🕒 The speaker notes a resistance level being hit and potential market manipulation, suggesting an imminent market reversal.
• 📍 The daily time frame shows a 'Doge candle' indicating liquidity above, which is a sign to look for a downwards move.
• 📌 The speaker identifies key areas of interest on the charts, including manipulation areas and support levels.
• ⏳ The speaker will provide updates on the free channel when bearish confirmations start to appear.
• 📊 The speaker emphasizes focusing on higher time frames and major areas for clarity, rather than cluttering the chart with all time frames.
• 📈 The speaker discusses how the price action from the previous week, including manipulation areas and liquidity grabs, can be used to predict future moves.
• 🔄 The speaker explains that gold's behavior involves repeatedly retesting manipulation areas and support levels, creating liquidity, and then moving price.
• ⏰ The speaker advises waiting for smaller time frames to match the higher time frame bias before entering a trade.
• 🤔 The speaker invites viewers to ask questions and provides links to their social media and VIP service for further insights.

Q & A

What updates can viewers expect on the speaker's Facebook Channel?

Viewers can expect to receive little updates throughout the day and week on the speaker's Facebook Channel, which will include images and insights related to the charts and areas of interest the speaker is focusing on.

What is the purpose of the voice notes on the free Telegram Channel?

The voice notes on the free Telegram Channel are intended to provide additional content and updates throughout the week, complementing the information shared in the weekly forecast.

What is the expected move for gold in the weekly forecast?

The weekly forecast anticipates a potential downwards move for gold, following a clear confirmation of a continuation up from the previous week.

What does the speaker consider as a sign of a potential reversal in the market?

The speaker considers the presence of certain candle patterns, such as a Doge candle, and the retesting of manipulation areas as signs of a potential reversal in the market.

How does the speaker identify areas of interest on the charts?

The speaker identifies areas of interest by looking at manipulation areas, liquidity levels, and retests of support and resistance on different time frames.

What is the significance of the 50% retest in the context of the speaker's analysis?

The 50% retest signifies a midpoint in the current trend where the speaker observes the market's behavior, which can indicate the likelihood of a continuation or reversal of the trend.

What does the speaker mean by 'clear liquidity' and 'manipulation area'?

Clear liquidity refers to areas on the chart where there is a significant accumulation of trades, indicating potential support or resistance levels. A manipulation area is a price region where the speaker believes market forces are influencing price action to a notable degree.

How does the speaker plan to provide updates on bearish confirmations?

The speaker plans to provide updates on bearish confirmations through the free Channel when they start to see these patterns emerge, aligning with the higher time frame bias.

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What is the strategy for identifying a bullish support area?

The strategy involves looking for areas where the price has previously shown strong resistance or has been a manipulation area, which can act as a bullish support area when retested.

How does the speaker use the weekly opening price in their analysis?

The speaker uses the weekly opening price to identify retests of manipulation areas and to observe how the market reacts to these levels, which can provide insights into potential future price movements.

What is the importance of matching the smaller time frame with the higher time frame bias?

Matching the smaller time frame with the higher time frame bias is crucial for confirming the direction of the move and ensuring that the analysis is consistent across different time scales.

How does the speaker differentiate between a consolidation, a fake out, and an impulse move?

The speaker differentiates these terms based on their impact on price action. A consolidation is a period of indecision, a fake out is a temporary move in the opposite direction to trap traders, and an impulse move is a strong directional move following the fake out.