GOLD ANALYTICS
Updated
Good Morning Team, Hope you all had an amazing weekend and welcome back.
Guess what ??? My idea last week is still active in fact there is an extension further down, the beginning of this week is more of BEARISH ACTION! but as always we can't call it bear if we have no confirmation.
So here's an idea to pitch you in for that Dunk! this week we are looking at a further fall as indicated last week we were to retest $1940-47 but it didn't happen but today the chances are so visible.
So at first i would suggest we mark two areas which are $1963 going up and $1951 going down, although we are so much relying on the downside. this means if we break $1963 then we should expect a pump instead of a fall, but you should always keep in mind that sometimes there are those fake breakouts, you may think that it really broke a certain level only to realize it was basically a retest and then a continuation of our movement.
$1951 on the other hand is a level of major concerns today, we should look at it with a close eye since our today's idea is a fall, this is once we break the level then a fall is certain, but just on a cautious move our first take profit zone should be $1943 once this level is broken then the possibilities of seeing $1939 and $1932 will be very clear.
Long story short we are bearish as of now and expecting us to hit $1932 in the wide run.
That's it for now and until then do wish you all a wonderful trading week!
I'll be back later with further updates as the market unfolds!
Guess what ??? My idea last week is still active in fact there is an extension further down, the beginning of this week is more of BEARISH ACTION! but as always we can't call it bear if we have no confirmation.
So here's an idea to pitch you in for that Dunk! this week we are looking at a further fall as indicated last week we were to retest $1940-47 but it didn't happen but today the chances are so visible.
So at first i would suggest we mark two areas which are $1963 going up and $1951 going down, although we are so much relying on the downside. this means if we break $1963 then we should expect a pump instead of a fall, but you should always keep in mind that sometimes there are those fake breakouts, you may think that it really broke a certain level only to realize it was basically a retest and then a continuation of our movement.
$1951 on the other hand is a level of major concerns today, we should look at it with a close eye since our today's idea is a fall, this is once we break the level then a fall is certain, but just on a cautious move our first take profit zone should be $1943 once this level is broken then the possibilities of seeing $1939 and $1932 will be very clear.
Long story short we are bearish as of now and expecting us to hit $1932 in the wide run.
That's it for now and until then do wish you all a wonderful trading week!
I'll be back later with further updates as the market unfolds!
Note
our fall is active, awaiting one more confirmation to have our entriesTrade active
As indicated earlier we were expecting a fall and it's currently active.Note
WE MEET TOMORROWNote
Good morning team, hope you all well and welcome back.Yesterday we were expecting a fall to at least $1938 but sadly it was declined at $1945 and then we saw a pump instead of our fall.
Today we are bullish i'm actually anticipating for $1973 but as always before $1973 we should first see a lower take profit generated by the anticipated pump to at least $1965.
Take note once we break $1965 then our pump will be highly strong and possibly unstoppable but for now let's just stick with the take profit area $1965.
We are all bullish and i'm actually having some entries already although i'd as well prefer you not to have any entries before confirmation.
In order to confirm $1963 still plays a very important role in the pump, that is if we break $1963 then evaluate candle pressure then we'll be able to know what to expect afterwards.
for a fall to be active we should break $1945, but as i said earlier we are all bullish so the possibilities of the fall are very minimum for now.
That's all for now and until then do wish you all a wonderful trading day!
i'll be back later with further updates!
Note
As indicated earlier we were expecting a pump today and we saw it it's currently active.Note
See you tomorrowNote
Good Morning Team, hope you all well and welcome back.Sorry for the late updates! we've got some issues facing our country this week and have really raised the tension.
Anyways i'll be brief today , we are still looking at a pump mainly targeting $1989 -90 once we hit the level we will have knowledge on the next trend direction for now let's just tackle $1989-90
see you later with updates!
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