AUDUSD Update:

We're still in it but......If it breaks the level below we'll come out of the trade. We'll look to get back in later. If you're following you should be using a small lot and managing your trade.

XAUUSD update published on Tradingview. If you like our analysis please show your support by giving us a like and sharing the group with others who are interested in trading.

XAGUSD - This is where we're struggling. The targets are accurate, however, we have to publish a responsible stoploss as we're aware traders are following. This trade is complete but unfortunately the spike will have triggered the stated SL.

We're out of this trade.

Exiting this one early.

We're still within the range we've been stuck in since mid-April. Excalibur has left a short-term signal around the 1767 mark which tells us a spike down is possible over the coming sessions. We're not taking the short for that destination, reason being we can see an area of concern on the chart. Most of the main moving averages are starting to converge again, add that to the extended accumulation and we have a recipe for a big breakout. Now whether the market is waiting for NFP or it makes its move prior to the release we're yet to see. We have an early indication of direction but we need to analyse the charts a bit more before we can confirm.

You can see the 2 immediate targets on the chart. As we said yesterday, the ideal scenario is for this to go up first and then do the drop we want. However, this is Gold, expect choppy price action and a whipsaw ride.

XAUUSD 1H Update:

We can see we're playing in a potential channel formation on the hourly. The levels are being respected so we'll take this channel seriously. With the Excalibur signal below around 1767 that would mean the channel support needs to either break or this will spike down to take out Buyers stop losses at some point. If it does that we have our levels above that we will look to. Now if this is a potential swing 5, this shouldn't break below the 1760 level. If we break and close below 1760 then we're looking for lower pricing, 1750, 1740-35. The ideal scenario here is a spike down and rebound. Lets wait and see! We'll keep updating you as we go on.

We're looking at other pairs, any trade ideas will be shared later today.

Nothing has changed in terms of the charts from yesterday. We're still accumulating in the the 4H range anticipating a breakout. The levels are on all the charts posted as well as the weekly reports published on Sunday on this group. Please use them and add them to your charts.

We're going to sit back and observe today, we'll only share trade ideas that are extremely high probability. Our honest opinion is to not take any positions unless you're scalping. The sessions to come later today and tomorrow will be very volatile! Please trade carefully and stick to your stop loss.

XAUUSD 1H -

Again, the same scenario as yesterday. We were expecting it to spike down, which it did, however, not to the level we were expecting. We feel we may see the same thing today, a spike down at some point and then the price settling again preparing for NFP tomorrow.

💥 straight into KOG target zone. Now we're out of our long positions on Gold. We're going to sit and observe the price action. Theres a possible short here but its not sitting right with us. That was an aggressive candle so we're going to wait for the next hour.

There are not many groups or analyst who can call trades on Gold like this. That target was identified on the 22nd of April. The information and analysis is free, you just need to go through the charts and read the script.

Now we also have our lower targets of 1720 and 1645-47. This is where we need to play with caution. We think this is a bull trap can can extend to 1840-50 if it needs to. Whereever this goes we're preparing to short it. Keep and eye out on the analysis shared.

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Regards,

KOG

13:30GMT - NFP today.

We'll be on the screens closer to the time looking for clues. We'll share our analysis later this morning

This is just an idea of our thoughts on NFP. No one can predict the move, however we can only try to do our best to estimate what we think will happen.

Excalibur has left us an indication of the price levels of 1834 and we have a lower level of 1770. We're expecting this to either push down slightly towards 1801-4 then push back up towards 1835 and then potentially do the drop.

The flip side to that is that this goes up straight into the KOG zone of 1835-40 then comes down towards 1800. If this is the case then we should expect this to go higher next week. Ideal scenario here is that it completes the move up and next week we can short this down towards our lower targets.

We would not recommend anyone to trade this unless you're an experienced trader. The moves usually don't give you an opportunity to think about your position and are there to catch you out.

KOG

This is just an idea, not a signal. It is recommended you DONT trade this event as the risk is extremely high.

EDITED. Don't trade the event. Not trade the event

Excalibur target 1834 hit! Lets see what it does here.