USOIL WTI 1H -

Update:

Opened with a gap up. Would expect this to come back down to close the gap, looking for support around the levels shown on the chart. Target still active.

Testing a small short here. Small lot strict SL. Looking for around 1830

No chart to share at the moment

If you follow please follow with caution

All Gold levels are on the charts published yesterday

We've entered at 1840.68. our stop is quiet stretched at 1846.

This could spike up at 14:30gmt. Protect your trade.

Coming out of this trade with a tiny profit.

The fact its still hovering here is concerning.

Not worth the risk. We'll look to get back in later on or if this goes a little higher.

We're done for the day. That gold trade still looks feasible but we came out of it with minimal profit. We'll look at it again on Asian open and if it looks good we'll share the trade here.

Quick note. Silver, platinum and palladium have left us a long signal, DXY and USDJPY have left us a short signal from last week. Looks like this will be an interesting week on the markets with a lot of movement. Please trade safely and protect any positions you're in. Stick to small lots and always use a stop loss.

Back tomorrow. KOG

XAUUSD - 1H update:

Gold is trying to break the 1850 level so we should take caution here. Yesterday we wanted to see the pullback down to 1830, which is still on the cards but we need to monitor the price where we are at the moment. As per our weekly review, we can still see the price moving higher before coming down, we're looking now to get good support below which stands at 1830 and then 1813-10 levels. The higher levels to look out for are 1850, above that 1865-8. There is potential for this to turn around the 1860-65 level which we will be monitoring closely.

NOTE:
If this is a messy H&S on the hourly then 1845 should act as resistance before this comes down to test the lower levels mentioned. Again, something we're monitoring. We're once again seeing a tight range, choppy price action and messy patterns, gold is making it difficult for us but we'll try and stay ahead of the move.

KOG

1838 is a key level here.

USOIL WTI update:

Its come down to our target support zone. We're looking for resistance above to break. Breaking that and closing above it on the hourly and we'll get in for our KOG target above. Will keep you updated on the trade.

We'll update the AUDCAD and AUDCHF trade ideas later this afternoon. Both seem to be going to plan and the KOG target is still active.

Before:

After:

Keep an eye on the charts posted. All the levels are there. The short from yesterday was a good idea, unfortunately it didn't work out for us. Excalibur has given no buy signals above, all the targets are below. What we're following is all KOG technical levels and price action on Gold. We want to see this find support and for Excalibur to confirm the direction short-term. We're not really interested in longs unless they're for quick captures, we want to get that sweet spot to short this for KOG targets below.