Ahmedshebe

Gold Analytics

Ahmedshebe Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello , welcome all to this new week, sorry was a bit held up yesterday couldn't update you on anything, but here i am back with the latest analysis, as indicated sometimes on Friday last week , i was expecting to see a pump up to at least $1980 but we never saw it and instead we attained $1966 and then had our waterfall.

Today is a continuation of the waterfall , we had a fall yesterday , but i wasn't trading at all, but i had to go back to the market during the evening hours and see what the market offered us yesterday and as of now i can just see a fall continuation. I believe you can see very well the marking on my chart, but our main or rather major point of consideration here are those two black info lines,one at $1950 and the lower one at $1944, i'm mainly looking at a fall today, but the fall should first be confirmed with the breaking of $1944, in case we see a decline of the fall and the market decides to have a pump then we shouldn't have any entries for buy until when we see the market has broken $1950 and for confirmation should be $1958.

So generally speaking we are all bearish as of now, i expect the market to fall and i have first targeted $1937 before and possibly we might have an extension further down to $1925 there and then we will be able to understand what to do next.
until then do wish you all a wonderful trading day!
Comment:
The market has been struggling so much on levels $1928 -25 but this is not the end, as indicated on Tuesday we are going further down this will happen once we break zone $1925.

So currently aiming for $1919 - $1913 before we conclude further on the direction of our trend and guys sorry i had trouble with my account and still do but hopefully it'd be sorted in due time.

Generally speaking we are all bearish, gear up we about to have some fun and guys take a good look at $1937-40 if we break these levels going up , then we might be unstoppable with the pump, but the probabilities are minimal so yes i reckon we seeing that fall further to $1913 and probably extend further.
Comment:
Hi, we are all bullish today as of now i see us headed for $1922 -27 the possibility of an extension is there but until then let's first approach $1927, when it get's hit there and then we will evaluate further and confirm what we should expect next.

That's all for now until then do wish you all a wonderful trading day and a blessed weekend.

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