Powell is speaking at 17:30GMT. Trade safe.

5pips away from our stop. We're still in it but momentum is strong. If it hits it hits, tomorrow is another day

We're looking for around 1850 to take a LONG entry targeting around 1863.

Wait for good support

We've entered Long, stop moved to 1840, targeting 1863

Stopped out. Looks like its going down further.

Good Evening. We're closing up for the week, Its been a week of two halves, we had positive trades for the first part and hit our SLs yesterday and today.

Gold broke its support and has now found support here at 1830. We're not buying even it goes up, we'll wait until Monday after we've analysed the markets. Technical indicators are suggesting we should go up next week, however, we will wait and assess the situation.

Wishing everyone a great weekend. Once again, thanks for your likes and support.

We'll come back fresh on Sunday night for market open.

Knights of Gold

Looking at the 4H chart we've drawn the short-term range.

I'm expecting Gold to push up at some point on Monday or Tuesday to test the breakout around 1840-50. There is however a lower pattern neckline that as yet needs a visit which is around 1808.

I'm expecting a small retracement up and then a decline again over the week.

We have a low target of 1808 and 1747, a high target of 1848 and 1894. We will share our plan over the course of the week.

We will put together our usual analysis on Monday which will give us a clearer picture. Currently we are not in any trades.

This week

At present, we're not in any trades and we have no bias to Long or short. We're waiting for our strategy signal to activate and our indicator to change. Once we have a confirmed signal we will obviously share.

This is a very interesting article. The testimony is on Tuesday

That's our 1808 target done

At present this is what we're looking at. We're not taking any positions yet, looking for support around 1827.

There was a Long entry early this morning which we missed. Ideally, today isn't a great day to trade, so we'll just watch the charts and see how it unfolds.

US bank holiday today as well so you would expect low volume, however, Gold suggest otherwise from what the chart is doing.

Good Morning. We are currently on the sidelines as there will be some volatility later this afternoon and tomorrow for Joe Bidens inauguration.

Gold has given us a buy signal which suggest we're going up towards the 1860 region. WE'RE NOT taking this signal at the moment, we want to see what happens when US and Equity markets open.

We've had over a week of accumulation. Hopefully this chart makes sense. You can see the spike down on weekly open that would have triggered long stop losses and also short stop orders. Then back into the range to trigger the short stop losses. So in one move its taken out buyers and sellers.

There will however be sellers sitting comfortable at the top and buyers waiting for a break of 1850-60 to go back in. Now we have a buy signal targeting that area, so do we see them trigger these orders and do the same thing they did down below.

We shall wait and see