GOLD ANALYTICS

Updated

Hello Team,

I'm back now officially, last few weeks have been very busy, haven't been much active but we are now settled, had an amazing holiday period enjoyed with family and now i'm back full force with lot's of goodies all for you.

I have analyzed the MARKET so generally speaking the MARKET is trending on a BEARISH CHANNEL trend as of now, currently we are on some sort of consolidation (ranging) Market this means the market is playing within two major LEVELS from the chart you can see the indications of THE LEVELS with red lines one at and the other at ,my expectations towards the opening of the market i assume due to the current bullish pressure then we should expect a small pump towards - and might extend further but we don't expect the market to cross our level however the chances and possibilities of crossing level are currently so minimum, but anything could happen and we see some changes.

Anyways after the short pump up to i then expect a fall to at least might extend and then possibly see another minor pump up and this might continue towards the day until during the evening hours after the European session, as the new session joins my expectation are we should be now ready and set to see a breakout low possibly with high pressure towards and possibly extend further before we see our major rise in the course of this week.

So generally speaking we will start of this week with some consolidation but as time goes by we should expect a minor fall to before we see our major pump back to and possibly extend further to 2100.Gold has been consolidating around the lower portion of the descending channel for the last five trading sessions, finally hinting at a breakdown as the dollar receives a bid on better-than-expected fundamental data (PMI). I highlight the massive drop off in volatility after the massive peak which brings into question whether the recent attempt to break lower can be sustained.

It is with this view that this week’s forecast comes with the mixed bias, we not evenly sure what the big fish will do with the market but as far as my analysis is concerned we should see the consolidation, a minor fall and then a major pump. So basically the story here is as simple as it can be, if your account is strong enough then you can play around with the consolidation as we wait for our breakouts, yes the consolidation is a good push but also you need to be extra careful with those entries you going to have. also would request us all to be on the look out for pattern formations as the markets unfolds which will help us further understand what we should expect.

kindly Note: I 'm actually not asking any of you to go per my analysis but i'm basically sharing my idea on gold, feel free to comment your idea, i did my part you did yours, then sharing is caring! so at least that's my expectation as the market opens and yes i am ready for the market.

Until the CIAO!

Note

Goodmorning Team

Just an update since the market was opened we've seen the consolidation market, this means we are still on truck and just a reminder we are mainly looking at two levels today, for our upward move to be valid then we should see level broken.

For our Downtrend to be experienced then we should see -72 broken, i highly see a fall, but as of now we can't say much.

Ciao!

Note

We are still within the range but sellers seem to be getting pressure, we might see the fall to TSE:1950 earlier than expected, meanwhile let's get set, the brand new market is after lot's of goodness, let's look deeply into candle pressure and pattern formation.

The market has given us some minor wicks, this is so strange and not normal at all during this early start of the week, so we about to experience a brand new tactical procedure.

Let's trade carefully within the ranges, as we wait for our major breakouts!

Note

No breakouts yet as expected we are still under consolidation although we've had some few entries within the ranging markets, we can do scalping but as we all know the profits generation session is on the way, soon we will be collecting them profits in huge quantities.

Note

Hi all and welcome back

Yesterday we saw the consolidation within the ranges but never had any major breakouts, my expectations were we fall to before we see a rise but instead we did fall but never broke the trap and then we saw the rise, so today seems like the rise we were actually anticipating for will come to action.

I'm all bullish today and yes im going for the although will still insist to wait for the breakup first before we have our entries and meanwhile i have my buy entries in loses at the moment but expecting them to ride to the positive side in due time.

Please we also need to consider candle pressure and pattern formations and remember we are currently still within the range, so don't make any entries as of now but you can as well play around within the ranging market for now, buy at support and sell at resistance till when we have our major up break then we can now go long.

That's all for now will be back with an update soon,

CIAO!

Note

My blind buy entries are running profits currently, today's target achieved, going an extra mile for mainly and after it's hit then no more trading, meanwhile please as advised earlier scalping seems good for the current market condition.

Note

Hi all and welcome back today i still sticking with yesterday's idea expecting to hit level and an extension further, i can generally say we are bullish today but our bullish or rather uptrend is to be confirmed after breaking level $2012.

Although i expect a minor fall to around before we see that short pump to and see the extension further to at least $2027.

So be careful and on the lookout for the break of our trap for the uptrend mainly, meanwhile my previous buy entries are still active in profits and i have extended my take profits zones a bit higher.

That's all for now until then CIAO!

Note

we did see a fall although didn't take down it actually stopped at and then reversed back my buy entries still active and running good profits as i said earlier i'm looking at and an extension further.

Our session is in and we could see the pump during this session. for those who had entries earlier like i did congrats for those who didn't then i'm sure there's plenty of opportunities this evening.

Note

We reached and then reversed initially we were expecting and an extension further, but as said i'm still sticking with the extension to and possibly go higher.

Note

There is another fall to possibly then we see a shoot up, currently closing my buy entries in good profits and wait for confirmation of new entries.

Trade active

The fall is active running profits, good day indeed! as indicated earlier i'm looking at and might even extend further down before we see the rise.

Note

Guys this fall seems genuinely for profits generation, i can even assume but i'm yet to confirm, happily we are now done with the consolidation market, it has been there for at least 3 days but we are now trading with the trends. let's be on the look out for that low break.

once we reach play safe , close your sell entries and wait if it breaks the level then the drop is certain to some levels yet to confirm.

Note

Hello All and welcome back.

Yesternight was expecting the rapid down pour of gold but it was declined again and took me back to the comment before, i did see the rise earlier but then it was declined and after it was declined we were certain for a fall to and sadly we didn't even break , this has brought about lot's of question marks?? but i am yet to establish the base for the decline and see what we should do next.

I was actually so very optimistic about the fall after establishing the reversals, and there was good selling pressure i had my STOP LOSS hit although i had taken just two entries but still that's a loss!

Meanwhile due to the fall decline and basically the fact that we didn't break the previous low has raised up some concerns and made me understand that gold is actually using a different root however i had predicted the rise earlier to and the extension to , i 'm now stuck at the middle.

Generally gold seems to be bias today, there is a clear illustration that it's going for a rise, the rise that i anticipated for but at the same time there's an indication for a fall, this means we need to be extra careful with our entries plus considering the fact that we are still stuck within the consolidation market.

This makes me conclude that we can only trade safer on ensuring certain levels are achieved for instance currently we have a rising market and with that pressure i can definitely see , so my plan is since i didn't have an early entry because i just woke up then i won't take the entry now, basically what this means is that let it rise to the level i'm anticipating for once it reaches the level we look at it's reaction on then we can have our entries for either a sell or a further buy.

So if we see i have an alarm set for it, so reaching the level an alarm will be triggered, which will mean i now need to get into the market for further analysis, when i have identified what i should expect then we can have our entries and mainly i mean generally this morning seems BULLISH but then there some points of concern mainly that big drop.

Anyways that's it for now, let's be on the look out and always be ready, the fact that we are still within the consolidation market gives me ultimatums, but as a trader i don't actually mind doing scalping today, if only applies when i have free time which i don't , so for those who have the time then is a level of concern, we hit it and see what happens i'm actually seeing a break through at the level but you never know what the big men have planned for us, we could see a reversal as well.

NOTE: is of much concern. once we break the level then the possibility of seeing becomes live and once we hit then probably won't be much of a struggle.

Anyways that's it for now, and until then do wish you all a wonderful trading weekend and hopefully today we finalize with lot's of super duper blues!

Note

Seems as if we are breaking the descending channel right now, this is a proof of a rise further but let's be on the look out.

Note

We almost took down level we actually reached and then some sort of reversal was seen , basically i take all this in a positive dimension, so yes still have high hopes for that rise but we are yet to see.

Be on the look out we could be heading up during this session, should be valid but then will proof all.

Note

This is the MIX bias DXY is strongly bearish , a sign that we have a very long fall but at the same time we have some moderate indicators for a rise.

Note

As we can all see, we reached TSE:2003 and then had a bounce now the bounce is estimated to break our trap and possibly extend further down to HKEX:1955 , as of now we can't tell for sure but that's in the pipeline.

Sadly i didn't get the fall accurately but it's a good move with the lot size im sure i can manage better, that's it for now and until then do wish you all a wonderful evening.

and yes nothing comes easy remember the waving and retests , so you won't give a sell and expect no retest unless volatility is very high there for a retest is declined earlier but then to be experienced after a while.

Note

Hi all,

Sorry for the late posting, however seems as if the consolidation continues though i'm anticipating for a breakdown later in the evening hours.

A lot of us have been expecting a break through but nothing major has taken place we could either see the break through either during the evening hours or maybe at the start of next week.

So my thinking is we do close this week with scalping basically what im saying is we sell at which seems to be the only valid and most concrete zone for a sell and buy at $1974 or maybe , but while doing this you also need to be extra careful with those entries because we are also expecting a break through this evening before the close of the market.

Note

Hello all and welcome back to today's analysis.

Sorry about yesterday just got held up so much couldn't update you on anything, meanwhile we are still within the ranges where we can only confirm a buy once we break and confirmation of a sell is at $1970.

These are the levels of concern, i was expecting the consolidation to be possibly broken yesterday but sadly it didn't happen, it's like we are having a very long consolidation period which actually took place the whole of last week and the start of this week also seems to be the same.

This has given us room to evaluate the market even further so as to we can at least identify where and when we should expect a breakout, i am still analyzing but remember we also have some buying and selling opportunities within the mentioned ranges.

As of now mainly on this session i expect volatility to be very low there on making our chances of a breakout minimal, although im still sticking with the idea have always had since last week that we should at least see a breakout on the downside first before we go back to $2035.

This has been the idea ever since, i expect nothing less of this idea as of now but until then let's see what happens, meanwhile as indicated earlier there are plenty of opportunities for buy's and sell's within the ranges, basically we can all look for a buy at and have our sell's at $2003.

I'm still in the analyzing period for now, have identified nothing much as of now, but the progress is seriously positive and won't break the egg this early, let's just wait and be on the look out because the ride is about to get risky this week.

Up until then do wish you all a wonderful trading week.

Ahmedshebe

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