Transparent Fx Academy
The video discusses technical analysis and commitment of traders data to predict the potential move of gold. Nick explains the market’s historical resistance level, double top formation, and institutional shifts. He suggests monitoring price action from an intraday perspective for potential entries.
Analyzing Gold: Technical and Order Flow Analysis to Determine Next Move
Introduction
Transparent Effects Academy and Nick’s expertise in Topology Trading
Overview of Technical and Order Flow analysis for Gold market
Importance of Non-Commercials and Commitment of Traders (COT) data
Technical Analysis
Monthly Time Frame
Historical Structure Level: Rejection to the downside created
Market Testing of Resistant Zone
Probability of a potential rejection and bearish price action
Weekly Time Frame
Double Top formation: 1st rejection followed by a Top created
Market rejecting to the downside
Potential for more bearish price action
Daily Time Frame
Identifying the structure: Previous Daily resistance became support
Market attempting to break below the zone
Potential Impulse and Fibonacci correction
Confluence of resistance at the tested zone
Break and re-test probability
Market could create a Confluence of resistance area
Probability of Institutions adding more shorts
Order Flow Analysis
Non-Commercials and Commitment of Traders (COT) Data
Net Positions increase and decrease (98k to 195k and 195k to 189k)
Institutions adding shorts and decreasing longs
Probabilities for a re-test rejection to the downside
Reactive and Intrading Approach
Traders should monitor price action from an Intraday Perspective
Waiting for the market to shift from a bullish to bearish trend
Valid entries could help predict the potential rejection to the downside
Completing the Impulse, correction and impulse pattern to the downside
Transparent Effects Academy
Access to entire course on trading strategies
One-on-one private mentoring
Web Market
Conclusion
The combination of technical and order flow analysis helped to identify potential market trends for Gold
Institutional data provides valuable insights for traders
Monitoring intraday price actions and identifying valid entries is essential.
