Gold Forecast 22nd-26th April 2024 - XAUUSD Weekly Forecast Manipulation GDP PCE Jobless Claims PMI
Summary
TLDRThis 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.
Outlines
📈 Weekly Gold Forecast and Channel Updates
The speaker begins by welcoming viewers to the weekly forecast and directs them to various links in the video description, including a new Facebook Channel for daily updates and a free Telegram Channel for voice notes. The speaker discusses the gold market, anticipating a potential downward move after a clear retest of a support level. They highlight the importance of manipulation patterns, known as 'Fus' or 'manipulation candle patterns,' and predict a reversal with a bearish pattern. The analysis includes a detailed look at the daily time frame, mentioning a Doge candle indicating liquidity above and a retest of a manipulation area. The speaker also discusses the consolidation, fake out, and impulse moves, and emphasizes the importance of focusing on higher time frames and major areas of interest. They conclude by stating they will provide updates on the free channel as bearish confirmations emerge and wait for smaller time frames to align with the higher time frame bias.
📉 Analysis of Gold's Price Action and Market Manipulation
The speaker reviews the price action from the previous week, noting how the weekly opening was used as a retest of a manipulation area before an upward push. They discuss the concept of clear liquidity and its role as a target, explaining how support is retested and how manipulation areas serve as buy or sell confirmations upon retest. The analysis moves to smaller time frames, showing how consolidation, fake out, and impulse moves occur repeatedly across different time frames. The speaker emphasizes the need to match these patterns across time frames for a coherent strategy. They focus on the 1-hour and above time frames to understand the bullish structure of gold, noting manipulation areas and how they are retested and used to create liquidity. The speaker concludes by reiterating the importance of clear liquidity targets and manipulation areas for trading decisions, expecting a bearish move for the week as part of a higher time frame reversal.
Mindmap
Keywords
💡Weekly Forecast
💡Support Level
💡Resistance
💡Liquidity
💡Manipulation Area
💡Retest
💡Bearish Move
💡Time Frame
💡Doge Candle
💡VIP Channel
💡Price Action
💡Consolidation
Highlights
Introduction of a new Facebook Channel link for daily updates throughout the week with images and thoughts on chart analysis.
Plans to share voice notes on the free Telegram Channel, providing additional content this week.
Mention of the VIP Channel for more in-depth updates, which will be updated throughout the week.
Forecast for gold expecting a potential downwards move, following a clear confirmation of a continuation up from the previous week.
Analysis of the daily time frame showing resistance and manipulation, indicating a likely market turn.
Identification of a Doge candle pattern on the daily time frame, suggesting bearish implications.
Discussion on the retest of the 50% Weck level and the subsequent push down, setting up for a high time frame reversal.
Expectation of a big drop to clear the buy side liquidity, followed by a potential bullish support area.
Emphasis on focusing on higher time frames and major areas of interest for clarity in chart analysis.
Demonstration of how the weekly opening price is used as a manipulation area and its retest behavior.
Explanation of the consolidation, fake out, and impulse move up patterns observed in smaller time frames.
Identification of clear liquidity as a target and manipulation areas as buy or sell confirmations upon retest.
Advice on focusing mainly on the 1-hour and above time frames to understand the bullish structure.
Illustration of how manipulation areas are retested to create liquidity and potential support.
Mention of the difference in movement between gold and US30, providing a quick overview of the unique behaviors.
Recommendation to match time frames to ensure they are in line for a coherent analysis.
Final forecast of a bearish move for the week, indicating a higher time frame reversal to the downside.
Invitation to follow the Facebook Channel, Telegram Channel, and VIP service for updates and insights.
Transcripts
all right hello everyone welcome to the
weekly forecast but before we get into
that there are links in the video
description and this week I've added my
Facebook Channel link which I'll be
doing little updates throughout the day
um all through the week so that's little
updates with a little image just let you
know the kind of things I'm thinking of
when I'm looking at the charts and what
areas of interest I'm paying attention
to and then this week I'm going to be
doing some little voice notes on the
free telegram Channel
that's also in the video
description so that has some sort of
contents this week and then obviously
we've got the VIP Channel as you all
probably know and checked out already so
go check them out if you haven't already
because I'll be updating them all
through the week this week now the
weekly forecast on gold is expecting a
potential downwards move last week you
can see we hit this support level clear
retest and then a continuation up so
that was a clear confirmation of a
continuation up is likely and that
continuation is expected to go to this
area at least I'm not going to go over
everything cuz it'll take too long to
make the video too long but we got a few
good moves last night so this week I
again I'm looking for that full
potential downwards move and that will
be starting at the start of the week so
what we're seeing is on the higher time
frame
this is on the daily you can see all the
way from back here at the start of March
we've had that instant push to the
upside and I've gone over that many
times in the weekly forecast over the
last month or two and you can see we're
starting to hit resistance we're
starting to see manipulation take place
so in my opinion we are getting ready to
turn just like I was anticipating last
week we're looking for that reversal
confirmation and we have certain
patterns to follow that verify that
reversal this week on The Daily time
frame you had a clear Doge candle here
that indicates clear liquidity above
it so when you go down to the smaller
time frame this was your clear liquidity
level running along there so when you
had this clearance on the downside and
retested this manipulation area that was
a clear buy indication to Target this
buy side liquidity so is leaving clear
liquidity on one side and retesting a
manipulation area on the sell side which
is a bullish
support so what we currently got here is
this upwards move cleared the buy side
liquidity here that also
retested this manipulation area so you
can see it retested the 50% of this Weck
so around 50% is where we retested here
and then we got that instant push down
to the downside so on the higher time
frame this is set up for a big drop to
the downside to clear all of this cide
liquidity and that would be a high time
frame reversal so if you understand Fus
some people call them manipulation
candle patterns this is a bearish one
and this is the start of a second one
this is retesting this area taking that
buide liquidity and preparing for a push
to the downside and when you go to the
Daily time frame again what that's given
you is here's your
consolidation here's your fake out to
the upside to collect that buy side
liquidity now we're looking for that
impulse move down over the next few days
to take the sside liquidity and we
likely to go all the way down to at
least this area here which is as you can
see here a nice manipulation area
bullish support area so that' be the
first area I'd be looking for some sort
of bullish support so that' be the first
Target on the bearish move so that be
like that and that being in Gray and
then you just go about like I did last
week and just label up the areas of
Interest so you have the gap opening
price here and then you have support
here you'd be targeting and then the
main one which is monthly opening down
here so we're still focusing on that
reversal on the higher time frame uh
what else do we have to go over now
that's my weekly forecast in the nut
shell I'll update you on a free Channel
um when I'm starting to see these
bearish
confirmations but yeah I'm wait I'll be
waiting for the smaller time frame to
match the higher time frame bias and
then get into the move now I just want
to go over this price action from last
week you have the month the weekly
opening here and you can see that how
that is is used when you drag it along
like that you can see how it retested
that that Weekly opening there so all
this is is we retested this manipulation
area pushed up come back down retested
the weekly open take the cide liquidity
and then continues up this is also a
manipulation area and you can see that
if you go down to the smaller time
frame so here's your consolidation
here's your fake out which is a
liquidity grab and that is your impulse
move up and then you have liquidity
being created and then this is the sell
side liquidity grab retested that area
followed by a continuation up so all of
this area
here becomes clear
liquidity so that is a clear um Target
to aim for once you start to see all
these highs not taken the previous high
and you have clear support being
retested so even if you if you didn't
follow the previous videos um like I
said you see these patterns on all time
frames and you can if you put them all
on your chart it will get very messy so
you just focus on the higher time frame
and the major areas so like here you
have a major one so this was clear high
volume Time created and it had a nice
impulse move so this is a nice clear
manipulation area strong uh confirmation
if it's retested and it got retested
here now when you go down to the smaller
time frame before that downwards move
before that downwards area was retested
you can see you got consolidation here
and that was another impulse move down
takes the cide liquidity retest that and
continues up so this area is also a
clear manipulation area it all depends
on what time frame you're doing so when
you go label it up like that you would
get it a bit neater and you would drag
it along like that and you can see how
that's being used over the next few days
this is your M consolidation this was
your fake out to the downside on a 15
minute time frame and then this is your
impulse move up retested it during the
high volume New York session time so
this is a good confirmation this is a
good retest shows you bullish strength
from that area price goes up I think we
even took a buy from here price goes
sidewards retest it one more time and
then that's when you get the impulse
move up during the Asian session and
even on Friday price comes down to this
area and when you go back down to the
15minute time frame you have
consolidation fake out to downside takes
the sell on liquidity retest that area
and then you start the upwards move once
again it's the same thing repeated over
and over again on all time frames you
just got to match them up so they go in
line but what I do is I focus on mainly
the 1 hour the 1 hour and above will
show you kind of the bullish structure
so as you see here this is a
manipulation
area so you'd have this running along
here this was a new manipulation area so
on this upwards move you can expect to
retest this area we had one retest here
double bottom created there so that's a
clear liquidity Target retested again
and then you got the move to clear this
liquidity and all it's doing is
retesting these areas creating liquidity
on one side and retesting potential
support which is manipulation areas and
then moving price on to take that clear
liquidity and that's that's all gold
does that if you didn't see my how gold
and us30 move and how they're different
uh this is basically just giving you a
quick overview clear liquidity is your
target manipulation areas is your buy or
sell confirmation when it is
retested so hopefully that helps M youve
got any questions I'm expecting a
bearish move this week which is a higher
time frame reversal to the downside
links all in the video description have
a good day have a good week Facebook
Channel page free telegram Channel and
my VIP service in the video description
link
below yeah done have a good week
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