We'll be back tomorrow morning, hopefully with a trade idea. Wishing everyone a successful week ahead. Trade safe

The chart we shared yesterday showed the potential move that was possible today. The level of 1869 was just missed, however, as we said in yesterdays message we are not taking any LONG trades at this level.

We're still looking to short this although we missed an opportunity earlier. Gold is shaking retail traders about and we're expecting more volatility over the coming periods.

Please trade safely and use a proper stop loss!

We want to see how the market reacts at 1860. Breaking this level up again and this time we may go further up. If it resists at this level then there is potential for the price to drop back towards the 1830 and maybe further to wick fill.

Todays levels, please add them to your charts

On this chart you can see 1860 or there about is a key level. Lets see where we close tonight

1H TF. Consolidating.. Gold looks like its getting ready for FOMC tomorrow. Seems a Head and Shoulder neckline is being tested. This time the breakout and move can be extreme so we need to make sure we protect any open trades. We're monitoring as the day progresses.

We need to be careful today and tomorrow. DXY broke the trend and is forming what could be a short-term down trend. When we look at the chart we can see a potential H&S pattern forming as well as a 4H double top in the making. We need to monitor this as it looks like it could drop down before coming back up.

NOTE:
There is nothing to stop the Dollar and Gold dropping together, it doesn't always need to be an inverse relationship as we have seen in the past.

Todays levels.

We have a small double top on the 1H timeframe. One trend is broken to the downside, however, there is a trend within it that needs to break. We've narrowed it down to the immediate range which makes it easier to see.

FOMC this evening so please be careful when trading. We're not in any positions at the moment.

FOMC. They'll be waiting for the press conference looking for clues, yield curve, stimulus, interest rates etc. That should be in around 30mins at the press conference.

Please trade safe. Our advice, don't trade the momentum if it happens unless you're an experienced trader.

Daily. We're approaching our level from earlier in the week of around 1880. We want to see how the price reacts here, we're looking at 1873-5 for a reaction. We're not shorting it here yet, breaking and closing above this level will mean the price can go a lot higher.

4H levels. We've had the first rejection of the level but bulls are still strong. Next hourly candle is important. We want to see a retest of the level, if it breaks it it can go higher. A lot of traders will be waiting to short and the market will squeeze them, trade safely

Keep an eye on DXY. 90.318 is a key level, we're looking for it to bounce there

Equity markets open in 25mins. Expect this afternoon to be volatile. Its month end, the monthly close is important for the coming weeks.

Rejection below. Be careful here

Apologies, our messages are delayed today.

If you entered the trade and didn't bank it, make sure you take something off the table and move the stop to just below the entry so you close in profit if it goes back up

We're hunting another short opportunity soon