Gold Order Flow - One Script To Rule Them All

Hello traders,

Once again, the OFA script demonstrates its prowess...

Through the synthesis of fractals-based order flow data, we can deduce potential future trends in a market that has experienced unprecedented volatility in recent times.

Following the decisive breakout of 162.00 last Nov 2022 which left behind a double bottom, Gold was propelled towards 191.00 through a series of HH and HL patterns via the OFA script.

With the latest two cycles printed consisting of greater amplitude and velocity by the bulls, which was met by tepid sell-side pressure as the OFA indicates,

The path of least resistance continues to be higher.

We will never claim to have foresight or certainty about upcoming developments.

Instead, we will be attentive spectators of price fluctuations, allowing the OFA script to shoulder the burden of executing the next trade.

Bear in mind the two essential aspects of the OFA indicator:

Amplitude: A crucial hint in evaluating a trend's vitality is the extent of progress made by the dominant party controlling the trend.
We must ask: Are the new stages in the active buy-sell side campaign, as recognized by the script, increasing or diminishing in amplitude?

Momentum: When considering the range of price movements, amplitude accounts for only half of the equation. The remaining half involves the momentum or pace of the move.
We must ask: Was the new stage established following a rapid, impulsive shift? Alternatively, did the price achieve a new low or high with the movement being lethargic, constrictive, and time-consuming to develop?

A useful guideline is to count the number of candles it took to reach a new stage.

VISIT MY PROFILE FOR MORE INFORMATION ON THE OFA SCRIPT.