Quick update from us

Something to look out for. This daily candle is closing without hardly any wick. Likely we're going to see more upside

Gold - We've hit all of our targets above on Gold now and we're in the top of the range. We would suggest and selling be small at the moment as we would want to see how the price reacts up here.

You can see from yesterdays chart that there is a chance of invalidation if the price breaks and closes above this region. If we get a strong close there's a chance we may test the 1830-35 level again. That level is crucial for the structure to remain bearish and for us to change our stance on this. At the moment we are now out of long positions

This shows the Excalibur targets we have been following. You can see we now have to long term targets active, the one above and the one below. Price is near enough sitting in the middle. This chart is really important as it shows what can happen when this decides to move. We have a high hit rate with Excalibur so trade it with confidence. Don't think you won't catch the movement, its a long way up and a long way down. We'll start by monitoring price action up here and the key resistance levels above.

The chart above doesn't mean it will go straight into those targets, they're long term targets so can take many months to achieve.

P.S - If you're going to test the shorts from this region make sure you use a sensible lot size and have a stop loss in place. The stop needs to be above the range, the market knows we're using ranges, where we're likely to sell and where we'll put our stop losses, so expect a spike up as anyone selling here will be putting SLs in a similar place. The only way around this is to reduce your lot size to enable you to manage the position.

If you're in on the short make sure to protect your trades, take some partials etc.

[Forwarded from Knights of Gold (Gold/FOREX Analysis/Trade ideas)]
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Lovely. Take a majority of your short profits here and stops to entry if you're in. Set SLs and TPs before market close

Have a good weekend. Lovely pips

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We're going to try and put something together for Oil and Silver tomorrow and we'll share it here