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

15:00GMT

Was expecting Gold to go up a bit, its still possible we visit the 1860 region which would be an ideal short for us.

There is a neckline that looks like its going to get tested around 1828 which seems more probable at the moment. Do we bounce here and go up then back down or do we break the level this time!?

We're not in any positions at the moment, sitting on our hands waiting.

Our levels are on the chart:

1860
1828
1755-60

Trade safe everyone.

Good Morning everyone,

Seems a lot of people took shorts yesterday. Gold gave us a buy signal yesterday morning which we didn’t take due to the Janet Yellen speech (please see the chart). It played out nearly as we expected apart from the deeper pullback.

This morning we also had a buy signal which activated early in the morning, both signals have now hit their targets.

We’re looking for a pullback towards 1845-50 as we want to see how this area supports the price. There is a higher region of 1865-70 that we feel will be visited at some point.

We're waiting find a good area to short the market to target our lower zones but expecting volatility later so we will pick wisely and carefully.

Today is not really a good day to be in any positions because of the inauguration, no one knows how the markets will react.
Patience is key in these markets, sitting and watching for a couple of days can save you a lot of money.

Yesterdays chart

Todays funds

This is the updated accumulation chart from the other day. They've already hit SLs on the buyers, we mentioned how sellers were sitting comfortably at the top, now its making them sweat.

All levels are being respected albeit with a lot of volatility. We're still on the sidelines, no positions in today.