Last time we played this pattern on the 4H chart

2HR chart at present

No pattern is 100% effective. However, we need to make sure we keep this in mind if we're looking to go long from support levels

Reminder: Those who followed from Friday, make sure you've protected your shorts from above and taken some profits off the table

Quiet week on the news front

1791 supported, if its wants to go down it may need some more momentum. 1797 stands as resistance.

KOG Report - Again, shows the level held. Lets see where we close the daily

Level to level members, enter, exit, take partials, stops to entry etc. They're going to make it difficult to hold trades

DJ/WS30 - Trade we took in Camelot. We're close to hitting the target on this now. If you trade this, chart it, there could be a bit of a reversal coming on this

USOil - We've remained bearish on this. This trade was taken in the Camelot room and hit its target. We have lower targets on this!! If you're trading Oil please trade longs with caution

Forgot to add. There's a gap on this which is likely to get filled.

DJ/WS30 - Gave the bounce

GOLD - If we go by the KOG Report its following the plan very accurately. Whats concerning us is the shorter term structure on this which is showing more signs of bearishness first rather than going up towards that 1830s region. For that reason as we keep saying, trade it level to level. We got a nice 80pip short yesterday into the support level where it turned and gave a nice long for another 70-90pips if you managed to catch it.

1797 stands as a strong resistance, breaking above this level and its likely we will test the 1804-6 level and we will see a reaction there. We have news tomorrow and its the last trading day before the Xmas break so its very likely there will be some action in the coming sessions.

2HR - Yesterdays pattern is still active. As you can see its fighting the 1797 resistance level, what we want to see is if it breaks temporarily and targets 1802-4 which is the trend resistance to keep this pattern valid. This pattern is invalidated on a break and close above 1804-6

The above gives you the short term levels to plot on your charts. If you add these to the range chart we've shared here you have some levels to play in between

Gold - 15M chart. Plot the levels and potential trend

We're supposed to be on a break but we'll stick around until tomorrow to see out the week

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Gold - Really difficult one at the moment unless you're scalping these levels. We shared the 15m chart with the scalping levels which are working well. As you can see we're mid-range and the market is again consolidating awaiting yet another breakout based on this range.

Two key levels here are 1785-82 and 1795-7. It needs to pick a direction and make a move as the seasonal play is running out of time. We have a news release tomorrow so it could be what the market is waiting for to find an short term bottom and then begin the rise for the remainder of the year.

2/2

For the bearish view the Adam and Eve is still in play. We took short entries last week at around the 1812-14 level which we suggested you should take a majority of profits on and move the stops to entry to protect it. Well done if you followed, we're going to leave this entry to run. If you entered based on this pattern again its an idea to take it level to level, protect any trades from the top and take partials along the way. Usually if there is volume this would complete or fail in a matter of days, however, with it being slow and gradual its giving numerous opportunities to enter and exit, especially if you us the daily levels and the 15m levels along side it

WS/DJ30 - We gave the clue for the long in earlier messages which we hope you took advantage of. Would think about reducing exposure on this now.

Above is the chart we plotted early Dec and added Excalibur to. DJ30 gave us a fantastic return this month using the levels and Excalibur guiding us. Every trade we took on this was with absolutely minimal drawdown, level to level, point to point.