Gold today.
It seems that with the growing tensions between the West and the East, once again the major institutions, as always, are adhering and buying a lot of gold.
The week opened with an upward gap, indicating that there was still much to be bought. However, notice how it reached a region with an accumulation of targets in this indicator, which may suggest a correction down to the next lower level for many players to take profits.
Could this really be the case?
On a larger time frame, more precisely 4H, we still see important positioning points with a large number of trades executed, indicating that in these positions there are still many trades to be liquidated, which could still generate a rather extensive price pullback.
On the 1-day time frame,
We can clearly see that there are still no references above the current price,
This is because there are no major trades in dispute occurring,
The levels of dispute are really far below the current moment. Will the market return and seek these regions or isolate these positions?
Generally, it seeks liquidity, so the expectation is that it may pull back to reach these regions.
On the path to reaching them, if they are closed, new positions may be exposed by the volume and number of trades.
Then our indicator should show where they have repositioned.
It seems the indicator was right about today’s scenario. But we still see possible room to go down even further. Will it liquidate all these positions this week?
Let’s follow up and update day by day.
On the 1-hour time frame, the scenario has changed significantly.
It is trying to resume lateralization at the top to accumulate once again.
However, if it does not break this upper limit,
There is still no lower boundary at the moment where it might want to go, potentially starting a major downward movement.
We can see this detail more clearly when we set the time frame to the daily chart.
There we can observe where the darkpoints are, Real regions of liquidity where the price may return to seek, In case the accumulation at the top is not enough to sustain the price upward.
It seems the scenario has changed a little. But is this change happening to raise the price of gold or to trick those still holding long positions? We can observe in the image that the price is moving within an upward channel,
At this moment it has found a region where it is fighting hard.
Where we see the accumulated horizontal lines, It is the region where the tick volume is increasing significantly while the price remains there,
Meaning there is indeed a strong battle with the objective either of pushing the price up to the top of the channel as the first goal, Or breaking the channel downward and possibly seeking the signaled region.
We know how many traps can be created before this happens, where the scenarios are: Raise to the top of the channel, break it, and then descend rapidly, breaking the bottom of the channel and finally driving the price to the next lower level. Or perhaps break the bottom of the channel, fall to about 50% of the next lower level with great speed, and then return to seek the top of the channel. Why do they do this? LIQUIDITY
This is always the objective, it is where the money is, and everything they do is always to chase the wonderful money.
FOLLOW THE MONEY and you will be happy.
I had an idea that took the last hours of my day coding. Instead of plotting horizontal zones where the tick volume occurs most frequently, where I had mapped the moments of the biggest battles between buyers and sellers, I created a volume profile that shows these same regions, but now with the difference of finding the DELTA value.
This becomes more useful because I know if that zone now has greater accumulation of buyers or sellers, and this can guide me exactly whether I should enter long or short.
Now, where I have green bars, they are truly buying zones,
And red bars are truly selling zones. Another piece of information I added is the size of the bars, to give us an idea of the proportion of strength in that zone. As can be seen in the image, after a large buying bar, the upward movement was really considerable.
It seems to work very well for swing trading, and it can certainly be adapted for day trading and other markets.
Some fine adjustments still need to be made, such as fixing the panel size and perhaps implementing other functions.
Technically, this turned out to be truly amazing, like a map indicating where the gold is.
The most interesting thing is that now I know exactly where the true support or resistance is. Not the one I looked at and decided to insert lines on the chart that end up being broken because I didn’t know if the majority there were buyers or sellers,
But now I know that the region clearly shows whether sellers or buyers are positioned there.
Today I spent a few hours working to adjust the indicator and obtain clearer information. Now I can clearly see what is really happening in today’s scenario. We can observe that there was an accumulation of buyers that has further pushed the price into an upward movement up to this moment.
On the 30-minute time frame we still have many buy orders in nearby regions, as can be observed in the image.
Here is a more dynamic explanation of how this indicator turned out, the process used to develop it, and how it is unique, in addition to its usefulness for trading any type of asset.
I am greatly satisfied with the result achieved and I hope it can be useful to users.
For those interested, get in touch via Telegram @code88br Possible scenario unfolding according to the volume.
What will be the next scenario. Everything has unfolded according to the volume, not with such precision since knowing exactly in the smallest details is still not possible. But everything is running as planned.
Everything went as expected. Everyone was very euphoric buying gold, but institutions were ready to take profits and only the volume indicated that. Today is a day when many top buyers are suffering, but the analysis through volume clearly shows the next moves.
On the 4-hour time frame we see an accumulation of heavy buying in two moments. If these volumes persist, it is necessary to observe that the gap between them may indicate a possible strong movement and an increase in volatility within this space.
Everything indicates it may still rise a lot.
I don’t know the exact time or moment when buyers will act, but they are strongly positioned for purchases.
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