Get started

Amtrades

GOLD Weekly Outlook Nov. 24, 2024Gold has aggressively bought up into now a premium level to finally begin to send price lower. Staying with my initial bias, that we have indeed capped the high of the year for Gold given the fact that it has bought aggressively the entire year and must now form the closing wick for 2024 trading year. For the upcoming week I'm anticipating rejections out of the imbalances currently above price and the daily order block currently above price. I would love to see Monday range and either Tuesday or Wednesday manipulate that range. Looking at the Economic Calendar I see that the first significant High Impact news event occurs on Wednesday (Unemployment Claims 8:30am, and FOMC Minutes 2:00pm). so I would like to see that day either manipulate or be a continuation day from a Tuesday manipulation. If you have any questions regarding this analysis or outlook, feel free to send me a message here or on my other socials. Thanks.
COMEX_MINI:SILZ2024Short
by chaarate
XAUUSD (GOLD) Analysis for the week of July 2, 2023. Gold has been in a solid consolidation for almost 3yrs now, with slight deviations outside of that range, nevertheless alway coming back into the range. Currently Gold has swept long term highs taking buy side liquidity...coming back into the range off those highs. My macro conviction is that Gold will now begin to draw towards sell side liquidity, which means a draw towards lower prices. So from a monthly standpoint Gold is bearish. From a weekly standpoint gold has just taken sell side liquidity in the form of drawing into a longterm Buy Side Imbalance Sell Side Inefficiency or Weekly FVG (Fair Value Gap). Price have currently reacted from the consequent encroachment (midpoint) of that BISI, and it is my conviction that we are seeking higher prices and drawing towards buy side liquidity to basically get inline with the monthly bearish direction. From a daily standpoint gold has left behind a pretty obvious SIBI (Sell Side Imbalance Buy Side Inefficiency in price. It is my conviction that the strong Morning Star Candle stick pattern is a form of confluence that price is indeed drawing towards buy side liquidity, to ultimately get inline with the monthly bearish direction to finally breakout of this longterm consolidation and begin to seek longterm sell side liquidity. Please view the video to get a more detailed top down explanation of what I'm mentioning here. If you you have any questions, please don't hesitate to ask buy leaving your comment in the comment section below. Thanks.
EIGHTCAP:XAUUSDLong
by chaarate