GOLD ANALYTICS

15 May 2023

Good Morning As we embark on a new week in the gold market, let us embrace the journey with an inclination that goes past the charts, commemorate the energy we bring to the markets endeavors directly influences our sequel. So, let's infuse our trading with positivity and faith.

Let's pray that we are going to have a wonderful week ahead even better than the previous, i hope last week was amazing too! and sorry for the late updates.

So as indicated towards the end of last week i was expecting a pump before we experience our waterfall , the concept remains the same, nothing major had happened although we did see BULLS gaining momentum, so for today's analysis if we are to see a rise further up then we should first see break of $2022 after we break this level , we consider candle pressure next and go deeper to analyze the patterns formed, whereby my expectations are we first take down $2032 as my first take profit zone then we extend further to $2041 there and then we can conclude if the market is going further up or will face some resistance and decide to give us that waterfall.

For the shorts ,we should mainly consider level $2001 after it's broken then seeing $1991 won't be a problem, although i highly doubt that instant fall or rather the fall before the rise to at least $2044.

will be back with further updates as the market unfolds!

16 May 2023

Not

Hi All , hope you all had an amazing start of the week and welcome back.

So far nothing major has happened and i'm still looking at that pump although bears seems to be gaining momentum , but still sticking with my previous idea.

will be back later with an update!

16 May 2023

Not

Note once we break $2001 we could have our waterfall.

16 May 2023

Not

We've broken $2007 already , looking at $1999 to conclude if we are having our direct fall.

17 May 2023

Not

Good Morning, sorry was not able to update live the fall but i hope you did get your entries.

We did break $2007 and $1999 then we saw our fall to to $1985 today we seem a bit bullish so we could see a little pump up , possibly to $2000 or extend even further to $2015.

There is a possibility we could first have an extension to $1982 -80 before we see that pump.

I'll be back with updates soon!

17 May 2023

Not

Off we go!

17 May 2023

İşlem aktif

As indicated earlier we going down big time considering $1968

18 May 2023

Not

Hi all, hope you all doing good , as indicated yesterday we saw the fall and we still falling mainly i'm aiming for $1964.

Once $1964 is achieved will be updating on what to expect next.

18 May 2023

Not

Down we go! as indicated earlier $1964 then we confirm what next ?

19 May 2023

İşlem aktif

Hi all hope you all had an amazing night and welcome back.

As i had told you we were expecting a short pump then we see our waterfall which went per my expectations , although i was expecting the pump to go a bit further than where it reached, the good thing is that we saw that pump !

After the pump was expecting the waterfall which was experienced during the evening hours yesterday, i can tell i was expecting it to end at least at $1960 but it did extend further to $1952 ,now the point here taken softly.

According to my analysis , today we are strongly bullish on confirmation i'd say the uptrend is currently active so yes we will be going up either to retest the previous high or break it further that is yet be confirmed after establishing the basics, so as of now i reckon for that pump.

So let me put this clear if we should continue falling further down then my first indication will be at $1952 , that is once we break $1952 going down will be clearer and even better, which i highly don't see it happening , due to some major factors of course unless something happens during the unfolding market.

For my upward movement i'd say we are currently very active and running but for those who didn't have the early entries which i'm sure most of you didn't i'd recommend you wait for the break of $1964 -65 once these levels are broken then the pump will be better and yes we should expect some resistance during the pump, so yes to some levels i expect the waving to change it's direction and momentum but this will only be an indication of a sling shot, if you know what i mean.

So generally i reckon we'll be closing the week with the pump up possibly retesting the previous high or even break it through and pump further to creating NEW HIGHS, for now we can not say much about our expectations because we should first reach those key levels and only then will be able to confirm.

That's it for now and until then do wish you all an amazing weekend ahead.


Updates will be coming soon!

19 May 2023

Not

Hi again, yes the pump is active but then i just identified some areas of concern mainly $1947 -41 , these levels seem like a possible retest, so yes i'm going deeper into the market and i di have some running buy trades which i'm now thinking of closing then and wait for the fall $1941.

Let me capture some other important consideration factors ,before i cancel my positive running trades, just wanted to give you a heads up!

19 May 2023

İşlem aktif

There we go! off we go! see you later

19 May 2023

Not

I am mainly looking at $1986 and a possible extension, we could close above the mark though, let's see what happens.

Mainly considering candle pressure and pattern formation in depth, so we could have that extension but NOTE: I'm actually anticipating for $2048 in the long run, but as usual we use baby step.

Talking of baby steps first take profit zone falls at $1975 , second extends to $1986, once we hit the first target we have to analyze further for the second target and it goes on and on until our target is achieved.

Anyways good luck guys will be back later with updates!

20 May 2023

Not

Good Morning all,

I know its weekend , but just wanted to close my previous comment, as expected we did take down $1975 and had that extension further to $1986, the market is closed right now $2048 is still a target but we'll be able to confirm during the start of next week.