1H Levels. There's a right shoulder retest at 1708 that should get done. We also have a level of 1720 we're keeping an eye on, after that its 1740-45. This are good targets for longs (not a signal). We're looking to take small longs of pullbacks but our bias still remains short. We're going to be hunting a good level to short it again for our lower target of 1640.

This is the 1H chart. Previous one is 15M

We're looking for this level for a reaction.

Members, be very careful shorting. We're only shorting for quick captures, there are levels higher up:

1714
1720
1724
1736

They're all likely targets for buyers and potential turning points. We have to assess each level when we get there to make sure we confirm our short for our lower target.

Any pullback should result in the price moving up at some point. We're looking for the price to support around the 1708 and 1703 levels if it gets there. We still have our lower targets but don't think we're going down just yet.

We have a news release today 14:00GMT so the market will react. Make sure you're all protecting your trades.

Support:

1708
1703
1696

Resistance:

1727-30
1740

30M makes things look a little clearer. What could be a classic bullflag formed.

Excalibur is suggesting a strong support at 1701 and a new lower target of 1654. We're going to sit and wait.

The higher resistance levels are very important. We want to see how price reacts at these levels, especially 1720-22 and 1727-30. The ideal scenario here is for the price to move sharply up and reject at those price points.

Close above 1720 (which looks likely) could be the break Gold was waiting for. Doesn't mean the low is in but it means higher targets are now in range. Please refer to the previous charts and support and resistance levels for targets.

1710-14 support and 1736-40 resistance levels for tomorrow. We'll update you in the morning

We've reached a good level here. We can still see higher pricing so we're not shorting yet. Any down move is likely to be a pullback getting more buyers into the wave

We'll share todays charts in an hour or so with todays ideas

Members, there are a lot of charts and levels posted on this group. We can't give you signals or tell you when to enter or exit trades. Only tell you what we are doing. If you look at the charts and the levels provided we are constantly giving you clues as to what the market is doing. You just have to make sure you go through everything carefully and apply it

This is what we're looking for today.

We need a pullback towards 1730-29 as the first destination and potentially a deeper one towards 1725-22 as the second destination. The target is the 1745-50 level based on successful support below. We're not going to run these long trades from below much longer, these entries higher up are going to be quick captures. If you have longs from below it would be an idea to hold them and not over expose yourself up here.

We still have our target below but theres also a price point of 1758 sticking out. Support and resistance levels will be posted before US open.

DXY 4H H&S. Still room to go lower. They don't always have to correlate as we've seen in the past but recently they've been working well together. DXY needed a break after its big move, we're still looking for this to turn up and go higher.

Dear Members,

Firstly, we would like to thank everyone on this group for joining, your support, liking our posts on TradingView, social media and sharing our group with your friends. Please continue to do so if you like what we are doing.

We set this group up to help traders, especially newbies and those less experienced in the markets. We didn’t expect to get this kind of response and over 600 members in such a short period of time.

There are some members who have been here from the start, we especially thank you for you continued support.

We’ve been asked a lot about trading courses, strategies, premium membership etc.

Our first update is the Knights of Gold website which should be ready by the end of March. Membership is FREE! Here you will find lots of useful information, free training courses on analysing charts the way we do, a newsfeeds relevant to your preferred currencies, commodities and now also Crypto. There will be a forum for questions and discussions, Merlins very own trading room for mentoring and one-to-one help which can be booked through the site on a 30min or 1hr basis.

Excalibur! We’ve been using it for many years, its our very own custom indicator which when applied with our trading strategy is a very powerful system. This will be available on a first come first served basis but as a thank you to all members of this group you will get priority over the general public.

As we’ve maintained from the beginning, we’re here to help traders succeed. Everything we share on this group is free and will remain that way. All the analysis and ideas will continue to be posted on the group so nothing will change in that respect, in fact, we hope to increase what we share by adding more currency pairs and crypto.

Knights of Gold

Todays levels. price has found support around 1700 but its still bearish. We still have our lower target of 1640 and 1654. We have a feeling the price may not stop there this time but have to wait and see.

We should get some retracement today like we're seeing now, the levels to look out for are shown on the chart. 1720 and 1735 are key levels for the price to change direction again. Its a good idea to observe today as its Friday and not advisable to hold trades over the weekend.

We're coming back in to test the breakout box. Here we want to see rejection or a break back inside. This could be a larger 1H H&S playing out so it wouldn't be surprising to see this range back inside for weekly close.....Keeping an eye on this. We've taken a small Long from 1702 based on the previous levels we mentioned this morning. Eyes are on the 1708 and then 1720 levels again!

Again, daily and weekly close is important, we wanted that spike up before the bigger drop but 1720-25 proved to be a strong level. Still bearish until we get confirmation of a bottom, which we haven't yet.

We'll sit on the trade we have in already and wait for Monday.

As always, trade safe.