Members, we want to see this support below. Needs to be a strong rejection from the level for this to push up further. There are 3 targets so we're using small lots and we will be looking to take partials at each point along the way.

That stop is going to be a little flexible but if it breaks and closes below 1860 we'll get out

Expect movement during these times. If you're going to trade EUR and USD pairs make sure you're using small lots and managing your risk.

PROTECT YOUR TRADES

Thats target 1. We've taken 50%

Taking an additional 20%

Stop to entry

Let the rest run if it wants to. 30% is a free trade. We've taken what we wanted to for today

https://uk.tradingview.com/chart/XAUUSD/h1ZCgmqp-XAUUSD-1H-Levels-Potential-Long-Trade/

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XAUUSD Update -

Hope everyone managed to catch the trade. This is our plan with Gold now. We've already released 70% of the position just below. We're now in with a remainder of 30%, we're going to raise the stop to 1880 to lock in overall profit on the trade if it goes back down. We are however going to remove the TP. If this wants to go higher we've got a good entry below that we will let run.

XAUUSD -

We've already got 30% of our entry from yesterday running for the targets above. We're now looking for support below around the 1883-86 and going to add another small lot to that Long entry to target the higher level.

We've already taking good profits yesterday so this is a small lot as this has the potential to go lower. We'll take a chance on it. If it hits the stop we're still up overall so its worth it.

We're going to be a little flexible with the stop on this one as 1873-75 is the previous KOG level, it can go to that level. Breaking that level though and we're out.

Remember our stop has been moved up to 1880 on the 30%.

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https://uk.tradingview.com/chart/XAUUSD/zfilRUEE-XAUUSD-KOG-Report-DAILY/

Week ahead KOG report has been published on TradingView.

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Its a simple one this week as we want to pay more attention to the market when it opens.

Use the levels for support and resistance which have been published on the group. Please also read the Weekly analysis which has already been posted for a longer term view on Gold.

We'll be back in the morning for the early sessions.

Wishing everyone a successful weeks trading ahead.

KOG

Gold gave us a nice trade down and then up again yesterday as we assumed on the daily KOG report. We're holding 50% of our longs with the stop at entry waiting for the price to resume a little more bullish behaviour.

We're looking for support below and what looks like the formation of a IHS on the hourly. The arrows indicate what we're looking for today. We're expecting the price levels of 1877 and above that 1880. These levels need to hold as resistance in order for the bears to maintain control on the downward move. Breaking support below and we are likely going to see the lower levels of 1835 and below that 1820-10. Support here would represent a good buying opportunity in our view.

We have an Excalibur indication of more bearish pressure to we're keeping an eye on the above levels.

KOG

Members:

We have some big events in the coming sessions. Especially tomorrow with FOMC. We're going to be scanning the markets putting together our analysis for the coming week and share what we are expecting to happen. Other pairs are moving quite aggressively so lets see what the US session has in store for us.

As always, trade safe. When coming up to big events like this its best to trade a little smaller than you usually would as Gold is known to extremely choppy and the movements can throw you off.

DXY 4H -

This is what we need to be really careful of. Excalibur has left us a very bearish target on DXY. DXY is in an ascending wedge so can break either way. Because of that target we're assuming any break up would be a false breakout which could give Gold a chance to find an intermediate bottom. We're monitoring this closely and it seems that FOMC could be a bit of a trigger tomorrow. Now we know there is a correlation between Gold and the DXY, however, they can move in the same direction as we've seen a lot in the past. Its something to keep an eye on if you're trading Gold. As always we'll update the group regularly on its progress.