We're not in any trades at the moment. This chart is updated from yesterday.

Support - 1805
Resistance - 1812-14

We're waiting for one of these levels to break. So far its looking like our 1827 is likely, however, we're sitting and waiting.

This is why we sat and waited. We've had a breakout. Lets wait for equity open and see what they do. 1786 is next support

We've spoken about how accumulation works on previous posts here. They take out one group of traders first, then the other. Then the market decides its new direction

Note to members:

There are a lot of people on telegram offering Signals, account management, mentoring etc. Please be careful, do your research and ask them for proof for everything. They will show you big profits on trades but most of the time these are demo accounts. If you get unsolicited messages on telegram from someone offering you trading services remember most of them are only after your money. Proof is in the pudding, someone selling services should be able to prove their results on live accounts and and signal service should have backtested results that they are happy to share with you.

We only recommend traders, groups and service's where we personally know and have done our research on what they're offering. For that reason we share it with you. You'll notice we have only done that with a couple of groups here on telegram as we feel these will benefit you.

Please be careful.

Knights of Gold

A big welcome to all the new members of the group. Thank you for your support, likes and follows on all the platforms. If you like what we're doing please share the group with your fellow traders and those who are interested in trading. If you don't like what we're doing please share with us 😉

See you tomorrow.

P.s this was the clue

Potential movement for today. We're anticipating a double bottom to form an equal low and then a revisit to the 1801 area. One of these levels will break soon and we're expecting Gold to decide its short-term trend for the next few weeks.

Key Levels:

Support -
1787-85

Resistance -
1796
1801
1810-13

15M Chart
Key resistance level being tested. Breaking up next level is 1801 then 1810-13.

Breaking down, it should come back to retest yesterdays low.

So this is what we're looking for. For a push further down towards the 1770 level we want the price to go up first and resist at the 1800-1805 price point.

For a move up, we want it to test the low, fail to break it and then go back up, its likely it will break the 1800 level and push up towards 1820-30.

Its already tested a pattern neckline down below, theres one test it needs to do around 1801.

We're not in any positions at the moment apart from short scalping. We'll let you know what we're going to do before the US open.

Coming down to test the low. Lets see if it supports to form an equal low.

We're waiting for the next candle to open and a retest of the 1784 level. We may test the long here back up towards 1797. All based on successful support below. Using a small lot here with a tight stop. If the level breaks the next support below is around 1772.

Note To Members:

Please remember this is not a signal service. We're sharing our thoughts, ideas and analysis with everyone to show you what we're seeing and doing. We can't tell you where to enter, where to exit, what your SL should be etc. Its up to you to make informed decisions based on your own trading style and risk management.

Here's the retest

If it breaks this support we're not going to enter

If you entered that was the perfect place to exit the trade based on current price action on the smaller timeframes.

Once you add the trade ideas to the levels and your own trading style you'll see how much easier it becomes

Next level is 1772-70

Then 1762-60