An expert trader analyzes the potential moves of the gold market by examining technical and commitment of traders data. Potential bullish moves are analyzed for trading opportunities. Access to a mentorship program is recommended for more information.

Analyzing Gold: Probable Move and Market Environment Shifts for Trading Opportunities

Introduction: Analyzing Gold from Technical and CO2 Data Perspective

Gold has been an interesting market to analyze as it tests previous monthly resistance and provides potential for a rejection higher. This video will analyze gold from technical and CO2 data perspective to understand where the market is heading and how we can approach potential trading opportunities.

Monthly Time Frame: Strong Confluence of Support and Demand

Analyzing the monthly time frame, we can see that the market is currently testing previous monthly resistance, which has turned support and demand. We can also notice how the market has rejected the 0.786 Fibonacci retracement, taken on the monthly impulse, creating a strong confluence of support and demand. Thus, there is a high possibility to see the market provide a potential rejection higher.

Weekly Time Frame: Potentially Moving Towards Previous Weekly Support Turned Resistance

On the weekly time frame, we can see how the market has tested the 0.32 Fibonacci retracement after a strong impulse to the downside. This has created a minor rejection to the downside that immediately started rejecting higher, potentially moving towards previous weekly support turned resistance, which is a strong liquidity area.

Daily Time Frame: Breaking Above Daily Structure and CO2 Data Showing More Longs

Checking CO2 data for gold, the non-commercials are closing shorts, and there is a good chance that we will see more longs added on the next report. Looking at the daily time frame, we can see the market breaking above daily structure and creating an inverted head and shoulders pattern. If the market will retest the previous support, there is a good probability to expect a rejection to the upside and completion of the pattern.

Approaching Potential Trading Opportunities

From a directional perspective, monthly, weekly, and daily time frames combined with CO2 data are the best time frames to analyze. However, when it comes to confirmations and entries, the intruder time frames are the best, and we could be looking for a potential rejection higher. If the market would shift from an injury bearish to the bullish market and provide us with one of our valid entries, we could be looking for trading opportunities.

Conclusion: Mentorship Program and Support

To learn more about market environment shifts, valid entries, and strategies, we suggest accessing our free mentorship program, which you can find in the description. Additionally, supporting our content by liking and commenting helps with the creation of more free education and analysis.