Week ahead analysis. All levels and potential targets are there. We'll wait for market open and review the 1H TF before taking any trades. We're not ready to become bulls yet, we'll remain short in this market from what we can see.

Wishing everyone a successful trading week ahead.

Welcome to all of the new members. Please refer to yesterdays analysis for key levels and potential movement in Gold. Looks like it could be a bit of a ranging day unless equities open gives us a bit of boost. We have a lower level of 1720 and a higher level of 1757. No trade idea to share at the moment apart from what we shared yesterday.

This is not a signal.

Looks like we're going to range here for the rest of the day. We're waiting for one of these levels to break, our bias is to the downside based on the 4H chart where we're expecting a test of last weeks low. We'll look to test the long from around that region based on support.

We're going to stick with this chart today. If you took the long at the bottom we're at a minor resistance level now. We're anticipating a short rise to around 1736-40 and from there we think we're going to break 1700 at some point.

As always, when we decide to take the position we'll share it with you all

TIP:

Mondays always try and analyse the markets, try not to trade. Fridays, make sure you try and come out of any trades you've been holding during the week. Its best not to trade after the US session unless you're in the right way and your trades are protected. First two-three days of a new month, take it really easy. Let the market finds its rhythm and create a structure. This will save you a lot of money

As we anticipated, this is the move upwards. Keep an eye on this level. There's a chance it can break up if we don't get a good bounce off. Level above is around 1745 and then 1750 which is a key level. Breaking and closing above 1740 is a sign we are going a little higher.

Rejection at the zone. We need to break the 1725 level down for this to resume its trend. Support here and its going up further towards our levels identified earlier. Gold is moving just as expected.

Lets keep an eye on 1722-25

We're waiting for the 3pm candle to open. Hopefully we get a bit of a retracement to give us a good entry for this trade.

We'll take it in two stages, first TP at next support where we'll take 50% of the trade and move the stop to just below our entry. Will let the rest run.

We want something like this to happen for the rest of the day. Waiting for the 3pm candle to open, if we break back up again above 1725 then this trade is invalid.

to be clear, we haven't entered yet. We're waiting for a retracement to the mentioned level. STRICT STOP LOSS AND SMALL LOT SIZE

We're entering here with tiny lot. If it breaks up above 1727 we'll cut the trade with a small loss.

We're done for the day. That trade didn't go to plan, as we said, small lot strict SL, minimal loss. Price looks like its going to continue upwards at the moment. We'll be back tomorrow with a trade idea

good thing is its left a price for us to target. We'll see what it does tomorrow, if anything we'll get a better entry on the trade.

Wow! Over 500 members in such a short period of time and we're still trending at number 1 XAUUSD authors on TradingView. Thank you everyone for your likes and support 🙏

Todays levels. We got some rejection above again around 1740, we're now looking for this level around 1720 to either break or support. A retest of the trend break is normal so its likely we head down a little further. We entered a short this morning based on yesterdays target which we're going hold.

The ideal scenario here is for this to break 1720 and close below it. That would potentially open up the door to go and test 1700. Right now we're stuck in this range of 1720-1740. Our bias is still short in this market.

If we get confirmation again of the idea we had yesterday we'll share it with you .

Perfect backtest of the breakout and rejection. Gold is moving just as we planned this morning. Now we're look for 2 levels to hold as resistance, 1720 and 1730.

Yesterdays trade idea.