A rough forecast on gold is provided with a focus on collecting sell side liquidity. The bullish support area is expected to see a bullish move at the start of the week. CPI news and interest rate news will be the main catalysts for volume in the market. The aim is to collect the sell side liquidity on the downside, even if it’s a nice bearish move at the start of the news which could be enough to make profit for the week.

Weekly Forecast on Gold: Collecting Sell-Side Liquidity
Gold Market Analysis for the Coming Week

Introduction
Gold forecast for this week, based on technical analysis and news announcements. In this article, we’ll discuss the potential price movements for gold in the coming week, focusing on collecting sell-side liquidity.

Reversal from Last Week
A quick look at last week’s reversal in the gold market, with the level at 1807 being taken out, leading to a bearish move. However, multiple bullish supports were hit, taking the price back up.

Key Levels to Watch
Looking at the bigger picture, we identify key levels to watch for this week. The first level for reversal is the tip of the previous high candle, above which the price would start reversing. The minor manipulation area is at 1818, and the major one is at 1854.

Catalysts for Volume
We identify news announcements as the main catalysts for volume this week. CPI news on Tuesday and interest rate news on Wednesday are the major announcements to watch out for.

Sell-Side Liquidity
Our focus for the week is to collect sell-side liquidity. We aim to collect it by making use of the bearish momentum following the news announcements. The target area for collecting sell-side liquidity is around 1763 on the 4-hour chart.

Bullish Support Area
The current bullish support area is identified, and we expect a bullish move at the start of the week before the news announcements on Tuesday and Wednesday. This could push the price towards the previous high at 1806.

Conclusion
In conclusion, gold is currently bullish, but we expect bearish movements this week with the news announcements. Our focus is on collecting sell-side liquidity, targeting the area around 1763 on the 4-hour chart. Remain vigilant and watch out for news announcements to capitalize on market movements.