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If we get the entry we're going to long it from around 1818 with a tight stop loss and small lot.

THIS IS NOW INVALID

If you're following yesterdays chart, we're approaching the first target.

We're not shorting it yet. We want to see the reaction at the 1835 level

DXY doing exactly what we anticipated.

Gold making its move. We're looking for 1853 initially. Lets see how Gold reacts at that level. Breaking that and we're going higher towards 1870-85. The last time we were up here we didn't hit the 1885 level as we suggested mid-Jan.

Triangle broken. Support now stands at 1835

Gold and DXY are moving as we analysed on Sunday. We're keeping an eye on resistance levels above. We're scalping at the moment, buying from support and looking to sell at resistance. When we get a good setup we'll share it with you all.

XAGUSD - Channel formation. Looks to be heading towards 27.95.

GBPUSD - possible move. Facing strong resistance here

EURUSD - These are key areas. Its left a retest below so at some point this will do a big a drop. We're keeping an eye on this

USDJPY - Again, important level to keep an eye on. Still looks like it has further to go down. Any retracement here should entail a pullback on Gold.

Gold support 1835-37

This is what we're looking for today. Gold has opened up higher levels by breaching a key resistance. We want to see support around 1830-25 before taking this long trade. We will be targeting 1855 as our first destination and potentially 1865 after that.

This all depends upon successful support below. Breaching 1830 and holding below it will invalidate this idea.

Looks like we'll be waiting for US and Equities to open for this to make its move.

We're done for the day. Just incase we're not back in time tomorrow before this moves. This is what you're looking for. 1836 breaks, look for 1830 to support, support there and resistance at 1836 its likely forming a H&S and will break the trend down. In this scenario the trade idea we posted earlier is invalid.

If we continue to get support around these levels and break up above 1836, we're likely going to go for the 1855-65 levels as per our trade idea earlier today. The concerning thing is we've left a gap at that level above which makes me think the move a little higher isn't done with yet. They're just shaking out buyers and sellers. Around 1865-75, thats where we're looking to short it.

Hope that helps. See you tomorrow.

As always, trade safe.

Knights of Gold.

Trade complete

Trade complete

Trade Complete