Bias:

Before market close last night, we got this indication on the indicator. Trades managed and protected in preparation for this pull back, which we were expecting, we just just got further confirmation.

We're at a support level here 5165 which is also the bias level with resistance above 5195-5204. Looks like another session of ranging before later in the NY session where we start moving again.

BOOM!

Resistance now 5140-5

Cross over active....

Cross over.... Indi....And another one...5140 - Lovely 👍🔥💥

Well done all, time to call it a day. See you later for the KOG Report update.

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No news today on the economic calendar so there is potential for ranging and choppy price action. We had a lower hot spot and support level aligned which has given us a push upside, but only into the hot spot above. We have resistance 5185 key level now which needs to break, while support below at the 5160-55 level is crucial for bulls to defend.

Our indicators are suggesting caution and we have a cross over on silver, which is a little concerning. Level to level at the moment, I would like to see how that lower support level is treated

TP1 HIT