Ahmedshebe

GOLD ANALYTICS

Ahmedshebe Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi All

Welcome back , today we are all bullish our previous trap was broken going up that was at 2012 , yesterday bulls had the upper hand and did contribute a lot to the market, although i expected i fall first before we proceed to the pump but sadly we didn't see the fall and instead there was that rise.

Meanwhile i expect the consolidation between 2020 and 2006 to last for the whole day till the evening hours where i expect the bulls to continue trading the upgoing market. There will be plenty of opportunities for buyers and seller's as we will be waiting for the breakup continuation.

Although i had thought of a minor fall before we proceed to the upward direction, also note due to the different pattern formation and trends becoming so bias i hope we were all still able to capture the opportunities because in my previous post i had indicated the traps whereby if any was broken we were still able to identify the movement and where it was heading to.

As indicated earlier today we are so bullish although as of now bulls seem to having loosing their buying pressure but trust me this is not the end, we could at least see 2035 and 2050 before we conclude on continuation or reversal, but as of now i'm still looking at the take profits zones up and to some extent i can as well see us breaking 2050 and extending further, this statement is yet to be confirmed but as we wait for confirmation kindly consider 2050 as your 2nd take profit zone when 2035 is your first take profit zone.

I was not able to post any updates because my leave is over and i am back in the office, so i hope there won't be much pressure down here which will enable me to post updates as they occur, remember what our main targets are we want to make trading our day today business, so this means there must be soo much commitment and extra learning because we need this.

Apart from considering all aspects i also feel the urge of a sell drop eventually because as of now we can see 2030 - 35 mainly as a supply zone, so yes there could be a fall before we rise further, Also considering DXY we currently see a fall to 101 which gives us indication of that we could see that minor pump to 2035 and afterwards there will be change in taste.

In four hour time frame there is a hanging man candle which as well signals the falls, although there were some declines earlier let's see what happens next ?

That's all for now and until then do wish you all a wonderful trading day.
Comment:
We are still within the range, so be on the look out our profits generation session is coming in soon.
Comment:
Hello All and welcome back.

As i had indicated yesterday i was expecting a minor fall before our shoot up, which occured, my actual expectations was we go a bit lower than where it reached but it didn't so it just fell and then we had our shoot up.

All my Tp's were hit and then we had a reverse will be back within a short period with today's analysis.

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