.....Add to that the KOG targets for Gold and this should give you enough to have a trading plan for the day.

We will update as we go along. As always, trade safe.

Todays levels

Those who haven't read the daily report. This is the move so far.

Excalibur has indicated a long target above. We're now looking for this to find some support around here or below to target the level above

XAUUSD - 1H

Very unpredictable price action on Gold the last few days. Its tried beating the high and failed, now challenging the support level below again. 4H is still giving us bullish signs so this could potentially be grabbing some liquidity from below to then continue the rise.

We don't have many fundamentals this week apart from CPI tomorrow. Our key support stands at the 1874 level where (if it gets there) we would expect a reaction. Breaking this level will force the price lower towards the 1860-50 price points. We have 3 targets on Gold identified by Excalibur which we would expect to be met. Remember Excalibur targets also work well as reversal zones so trade these with caution as also use them as support and resistance together with the levels we have provided.

Right now we're limiting our exposure on the markets as there seems to be some form of breakout imminent across the pairs we look at. Lets stick with the chart above for now unless anything changes.

XAUUSD -

Key levels:

Support:
1889
1886
1882
1873

Resistance:
1896
1903
1906
1910
1916

GBPUSD -

Taking a majority of the trade of the table around here. Protect the trade if you're in.

Quick update on Gold from us. Because of where we are price wise we've decided we're going to stay away from longing Gold at the moment. Instead we're looking to remain with our short bias and only look to take longer positions in shorts rather than longs.

If we do reach the Excalibur targets above we'll look to short from there instead of targeting that level for long trades. Gold seems like it has a curveball in store so lets wait patiently and see what it does in the coming sessions.

If you're looking to take longs please use the levels provided as support zones. Try not to catch the whole move rather take partial profits along the way and protect your trades. Always use a stop loss and sensible lot size.

This is what we're looking at today. The lower KOG target has't quite been reached so we're looking for some more selling pressure to come down towards the support level below. We're going to look to take a small long entry at this level with the stop shown.

The levels are the same as are the targets.

As always, trade safe,

KOG

Members, we want to see this support below. Needs to be a strong rejection from the level for this to push up further. There are 3 targets so we're using small lots and we will be looking to take partials at each point along the way.

That stop is going to be a little flexible but if it breaks and closes below 1860 we'll get out

Expect movement during these times. If you're going to trade EUR and USD pairs make sure you're using small lots and managing your risk.

PROTECT YOUR TRADES

Thats target 1. We've taken 50%

Taking an additional 20%

Stop to entry

Let the rest run if it wants to. 30% is a free trade. We've taken what we wanted to for today