Gold price is consolidating within the range of 1843-1853. So far the move into the lower support gave the bounce without an undercut low. Conflicting patterns on the chart suggest the breakout out is on its way so please trade this carefully. If you sold from the top down you should be out! If you bought from the lower support its time to take partials and move the stop to entry to protect it.

Good for scalping but not worth committing to direction. If you're in from the lower support, as we suggested make sure you've taken partial profits and protected the trade. If you took it short on Monday into support you should be out. Tight range, support 1840, resistance 1852.

Yesterdays ECB Decision did well for us on the EUR pairs in Camelot. We'll be opening up membership again soon! Look out for messages on this group. KOG

And thats how its done in Camelot

This is what you call point to point, level to level trading

On Sunday we said we wanted the undercut low. Instead we got immediate support and the long into resistance. If you follow us on Social media we gave a clue yesterday about the move coming before FOMC and the undercut low.

We then identified the move was on its way, which is why we told everyone here to protect longs and take partial profits