GOLD ANALYTICSHello All,
Today's Market is slow as always, since it's the beginning of the week, we expect momentum to increase mainly during NEW YORK Session, However it does not mean we should not make some profits and as i promised last week, this week i will be on 30Min AND 45MIn TIME FRAMES, i believe this should be a good illustration for those whose equity is low.
Today there is nothing much to disclose, we can see that OUR PREVIOUS Down TREND LINE was broken this is mainly an indication that sellers are loosing Momentum however we still expect a fall, the orange box on my chart indicating the above statement, since it's the beginning of the week and there is not enough momentum the least we should expect is a CONSOLIDATION and then at least a retest to either $1818 and if it's to extend further then it should be $1820, however if our level $1820 is broken this could mean there is change in trend and instead of the fall we were waiting for we will see a rise to $1834 and possibly hit $1846.(This all depends on the patterns formed)
Note if $1820 is broken, and the price moves towards $1834 at this level we will be considering Price Action and the PATTERNS FORMATION so as to give us more information on where our trend is headed to.
My ENTRIES since the start of last week (Monday) at $1839-45 are active and as always in BIG BLUE, i also had 4 Entries at $1826 which are currently running PROFITS, NOW with all being said if level $1807 is broken then we should expect $1795 HIT and if it's to run further down then $1783 is the 2nd TAKE PROFIT ZONE.
For those Few words, I hope you all enjoy this week's ENTRIES and have success throughout your lives! Up until then Wish you all A wonderful Start Of BlUE DAY.
NOTE : Whatever I SHARE with you here IS NOT A Recommendation, I share this for KNOWLEDGE PURPOSES ONLY, This is my OWN ANALYSIS, using my Head and Indicators to evaluate, However i always give you the insights so that you can conclude on your OWN. PLEASE FEEL FREE to share your IDEAS OF THE SAME in the Comment Section, we ain't here to argue coz depending on your analysis you may be right and I MIGHT be wrong ,WE COULD ALL BE RIGHT and also WE COULD ALL BE WRONG!, and if I'm Right it does not MEAN your WRONG!
