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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

Note to Members:

As we've been saying in previous posts. We wanted to catch this all the way down from the 1900 level, we've traded mostly shorts and quick longs all the way down. We're now getting closer to our 1750 target. IF we get there, this is where we're going to pause and assess the market. We want to get back into Longs and catch this back up. Please keep an eye on the levels. Safe trading.

Thats the test of the low and the former pattern, should complete around 1770 and support there. Likely we'll get a retracement tomorrow or into the US close. They've been flushing gold and we don't think they're done yet!!

Keep an eye on the levels. Trade safe.

Support - 1770/1762
Resistance - 1783/1783-5

See you tomorrow.

New short-term target is 1762. THIS IS NOT A SIGNAL. We're waiting for a retracement unless it gets hammered this evening

If you entered the buy at 1770 set the stop to entry and protect it