I would hope there to be some retracement on open and during Monday.

Overall my bias remains down further. Levels are there to see. 1794 and 1810 look to be a crucial zone for this week. I have a lower level of 1760 short-term which is not on the chart. Any buyers from Last week will have a load of stops around there so
it wouldn't surprise me to get an up, down then up over this week.

However, this is GOLD .....We could go striaght down to really flush out buyers.

Trading with caution this week until late Monday of Tuesday where the chart usually gives me an indication of whats to come.

Trend is quite obvious. Down.

During the course of the week I will share my trade ideas and trades. I don't usually trade on Mondays

Merlin is waiting for 11am. Our first trade of the day looks like it will be a short towards 1757

Trade idea:

Sell - XAUUSD
Target - 1757
Optimal entry - 1780

Stop Loss - be sensible and use a small lot. We're low in the range and expecting the price to turn up at some point.

Merlin.

If you're in this trade we're looking to exit around 1848

1850 is the pivotal point today. Looks like we'll get a reaction at this level. We've gone up and tested the neckline
of the previous pattern, both 4H and Daily timeframes are showing we need to test the neckline below.

We will sit tight and wait. 1850 to 1835 key areas.

Gold needs to break out on the 4H in order to test lower levels. Right now we're waiting for the next
4H candle to form and will analyse the market from there.

I'm looking for a break of the trend-line to go lower or the formation of a double bottom to retest the higher price points.

We remain neutral on the longer time-frames so will continue to use the M15/M5 charts for our short daily trades.

Looking for support below. IF support holds, we're going to take a small LONG
position with the target above.

We're taking a very small lot here as its Friday evening. If it doesn't Stop out or TP we will hold it into Monday.

We don't trade this but it looks good for a LONG if it breaks the resistance.

We will give some Gold analysis over the next couple of days. We have one position open with the TP stated on the chart. Next week Gold looks weak, Monday will tell us where we're likely to go but its likely we will be shorting it if it continues the way it is.

It was too late to post it on here but a nice trade on Bitcoin. We don't really trade crypto's but its something we're looking more and more into.

XRPUSD

Scenario 1:

1850 is an area of interest. We're looking for resistance here. IF it resists here we'll short it but a small lot to its nearest support.

It still needs to test the neckline around 1810 so this would be a good target. From this level we will assess as it could be a potential LONG opportunity for 1900.

Scenario 2:

This seems more likely at the moment. There is a signal that suggest it will break 1850 and use it as support, this will be purely to get more buyers in. The trend ends at 1905, I think it will give a false breakout and then come down. It needs to go higher to drop lower.

Immediate target:

Right now this is what we're looking for. 1849 looks good, ideally we want a pullback to get a good entry in with a small lot.

FOMC Tomorrow. We will update as we go along. Trade safe.

As suggested yesterday. We approached the higher trendline and have a rejection. We want to see support here lower and a potential retest at 1865.

We're not in any trades at the moment as we have FOMC at 19:00GMT today. One of these levels will break, our preference is still to SHORT the market, however, we prefer to trade after the FOMC minutes have been released.

The range is 1830-1865, we feel FOMC will move between this range until it breaks up or down. A break up and we will update you with where we feel a SHORT opportunity is.

Seems to be a clean head and shoulder on the 1H timeframe.

Suggest to us we may see a small move up and then down before coming back up.

We're looking at 1843 and 1868. If we get the pullback during FOMC we'll enter.

If you're not an experienced trader we would suggest you don't trade FOMC. Wait for it to be over with,
there are plenty of opportunities to trade everyday.