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This is what we're looking at today. If you've entered a long at the bottom probably worth holding it, see what sort of reaction we get around 1792-95. We're expecting this to go lower down so we may test a short at the mentioned level.

Lets see what happens if we get there.

We're still holding our shorts, a break and close at 1800 EOD and we'll look to reduce exposure.

Right now 1790 looks good, 1783 and 81 should support the price

Just shy of 1790, we got 1789.63 on one of our brokers. We didn't enter the short, waiting to see if we get a retest of the level. As above, 1781 should support for this to move further up. EOD close below 1785 will mean bears are still in control for now

Hope everyone is managing with the moves gold is making. As we mentioned this morning, we saw the move towards 1790 where we were looking for a short. We didn't get the opportunity unfortunately. The Long we took was enough for today.

We have to take caution here. We have options expiry coming up so gold will be moving like this in the coming sessions.

We have a few targets in mind but will let you know how we're trading it.

Lower target of 1762 for a long
Higher target of 1806 for a short

These are not trading signals. We'll share our analysis as we usually do before we take the trades

This is what we're looking at right now. We're in a similar symmetrical triangle to the other day when it broke out. Is tomorrow the day we get our low? We have to wait and see.

The levels are on the chart, breaking the short-term trend will put even more pressure on Gold to decline towards the 1720 level. Our immediate level at the moment is around 1762 where we could bounce and go up.

No new trades in at the moment, we took a long earlier and came out at resistance. We're still holding shorts from above, breaking back above 1800 and we'll look to reduce our exposure on them.

We're done for the day. See you all tomorrow.

We hit 1762 levels and bounced. We're not taking long positions yet although we are preparing to as soon as we get confirmation the trend is going to change.

We are now waiting to see if we get a retest of the level, it's a crucial point for Gold as buyers will again be coming in to buy the dip. It hasn't worked so far, they continue to get flushed, now we need to see if they flush them one more time. In moves like this, the market knows where all the orders are placed, it will wait until the buyers are frustrated before it makes its move back up.

We have a lower target of 1750, 1747 and then 1725. Our indicator hasn't suggested a sell yet so we're not entering until we see a highly probable set up. We will let you know. Please refer to the charts from earlier this week, all the levels are on there for you.

To give our honest opinion, we don't think gold is done yet. Resistance stands at 1783-85. A weekly close below this level shows bears are still in control. As always, trade safe. We'll be back during the US Session around 13:00GMT

Be patient everyone. We've been trading very well on this group, selling all the way down and only buying for quick captures. We don't want to ruin our performance. We're planning to switch to long positions and do the opposite, trade this all the way up and only sell for quick captures. But, there is a time to do it, we don't think that time has come yet.

We're done for the week. Hope you all had a successful week. Before we go, a few things to look for before market close. The last chart we posted still stands, the new support is 1798, we want to get a close below this level tonight. Its options expiry at some point, so they've either taken it up to drop it or they're going to cover some positions, so the market may move some more this evening. Futures contracts close next Friday, so next week will be interesting.

DXY. 1H TF.

We've hit support and formed a double bottom, this should gradually rise back up. We still haven't hit that gap at around the 91.40 level, so we should expect this at some point very soon.