NOTE:

Be extremely careful trading Gold over the sessions to come. We can see some indications of a breakout on its way. Its ranged and accumulated over the week and all the MA's are again starting to converge. The custom volume indicator we use is indicating there are huge orders in this area at the moment.

Our advice to anyone with less than a years trading experience in Gold is to stay out of positions until next week. Tomorrow is the end of the week and the weekly candle close is going to be really important. We're also approaching the end of the month so there will be a lot of institutions looking to come out of positions.

Sometimes its better to let the market settle and do what it needs to, no need to always think you need to hunt for trades, remember cash is also a position in the market. You're better off holding it in your account than losing it because the market has moved against you. We're still sticking with our plan, however, we're not targeting longs into that area. If we get up to around 1810, we'll wait, assess the price action and then if we're satisfied we'll take the trade. As always, we'll share it with you.

KOG

To put it into perspective, the last time we saw the volume indicator flash like this the price moved 2000pips (20,000micro pips) in 1 week. We're not here to just post trade ideas for the sake of it, we're here to teach and to help protect new traders from getting caught in the markets.

The group is growing by the day. We would love to help many more traders with our analysis and trade ideas. You're all welcome to invite others to join the group, benefit from what is shared and trade together with us.

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https://uk.tradingview.com/chart/XAUUSD/mxbAzqyK-KOG-Report-Daily/

KOG Report has been published on TradingView.

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XAUUSD -4H

This week we're also going to share the 4H chart we've been monitoring during this consolidation. We've taught members on this group before about symmetrical triangles and how they're known to give false signals.

IF this is a symmetrical triangle on the 4H we need to keep a close eye on it and look for the breakout. Its likely that if this breaks to the upside that will be the false breakout, it should give us our 1810 level for a short. If this breaks to the downside first then we'll look for the lower levels to find support to take a long. We won't know until the market opens and the price finds its feet, we're sharing it with you so you can add it to your charts and also keep an eye on this pattern.

We'll wait for Excalibur to give us an indication tomorrow and share it with you all once we have confirmation.

Economic Calendar:

Friday is very important. This event will most likely dictate the next short term trend Gold will start. After such an accumulation expect the breakout to be a big one. If the market gets any clues to the numbers before hand it will get priced in from Wednesday onwards, so keep on your toes members.

THIS IS NOT THE MARKET CONDITION TO TRADE LARGE LOT SIZES AND HUGE STOP LOSSES. MANAGE YOUR TRADES AND KEEP THEM SMALL SO IF THE MARKET MOVES AGAINST YOU THEY'RE MANAGEABLE AND WON'T STRESS YOU AS A TRADER.

Accumulation and ranging markets are designed to catch new traders out as they will spike the price both ways to trigger stops and orders. Trading smaller lots in these scenarios enables us to think about the trade and not make harsh decisions based on emotion.

Disclaimer: We'll be posting this regularly on the group. Please remember we are not a signal service. All trade ideas and analysis shared are only our view on the markets.

Its not much different from what was published here yesterday in regards to the 4H chart. Just a brief update. We're still within the triangle and what could be a H&S forming on the daily. So lets be patient and wait for this to breakout

Updated Support and Resistance levels for your charts.

We've broken the symmetrical triangle to the downside so now we're looking for the price to find some form of support below. The levels are on the chart and have been published above, please add these to your charts. If this breaks support below which has been highlighted in the analysis then this is likely to continue downwards to lower support levels. Again, if that happens it looks like it will be a fast bearish move.

Please refer to the messages above, we can't stress how important it is to protect yourself in market conditions like this. Use a risk management strategy and control your lot sizes.

XAUUSD 4H -

We're still going to stick with our plan. We wanted to see this break one way and then go the other. If it does find support we're not going long, rather looking for the resistance levels that we've published to look for the short entry.

XAUUSD - Daily

This is current price on the Daily. You can see its following the course that we had analysed on Sunday. If you add the 4H analysis to this you'll get a further breakdown of what we're looking at.

Everything is published above, you just need to piece it together.

KOG

XAUUSD - Daily Update:

KOG members. This is an update on the daily chart we have been following for the last few months. Please have a look back at our analysis on this channel for more clarification.

As you can see we have slightly broken out of the consolidation, however, we're bouncing in and out of a supply zone on the daily. In order for this to go further down we need to break this support and it needs to turn into resistance. This will also then form a complete H&S on the daily which will force the price lower towards the 1700 levels on Gold. Right now we think the price is likely to test the low support again and then potentially retrace back up towards the 1770-80 levels before settling for NFP on Friday.

We'll publish our NFP analysis on Friday as we will be screening all pairs looking for clues as to which way it will go.

As we've mentioned numerous times on this group. If you have less than 1 years experience trading Gold then its a good idea to sit this out until next week.

Gold is still within the range we've been in since last week, the correction of the breakout we saw earlier in the week has also been corrected now.

So what can we expect? It would make sense for Gold to range here until tomorrows NFP, all MA's are again starting to converge so a small correction later in the US session would be logical. Right now on the hourly its forming a small H&S pattern so breaking that 1785 support should take the price back down towards the 1770-65 level before settling again. We have an Excalibur target below, however, we're going to sit out until tomorrow now and analyse the markets looking for clues as to which direction we're going in tomorrow. What is throwing us off a bit is that it looks like its coming back to retest the breakout of the triangle, which if it does will mean the H&S has failed. This is typical behavior of Gold pre news release, you'll find choppy price action and patterns within patterns all contradicting each other.

We're still playing short on this

Members, there are a couple of scenarios here.

1) H&S on the hourly
2) Retest of the triangle breakout

This support level here at 1774 is important for todays move. If it breaks look for the lower level of 1770-65 for the next support. If it supports then this won't complete the H&S on the hourly and is likely to go and test the breakout above.

Its NFP tomorrow, unless there is a move during the US session expect this to range with the levels of 1785-1765 for today.

As always, trade safe. Don't over do it on your lot sizes, use a proper risk strategy and Stop loss. Not really the market condition to be trying to catch the top or the bottom.

These are the hourly levels, please add them to your charts.