Close above 1720 (which looks likely) could be the break Gold was waiting for. Doesn't mean the low is in but it means higher targets are now in range. Please refer to the previous charts and support and resistance levels for targets.

1710-14 support and 1736-40 resistance levels for tomorrow. We'll update you in the morning

We've reached a good level here. We can still see higher pricing so we're not shorting yet. Any down move is likely to be a pullback getting more buyers into the wave

We'll share todays charts in an hour or so with todays ideas

Members, there are a lot of charts and levels posted on this group. We can't give you signals or tell you when to enter or exit trades. Only tell you what we are doing. If you look at the charts and the levels provided we are constantly giving you clues as to what the market is doing. You just have to make sure you go through everything carefully and apply it

This is what we're looking for today.

We need a pullback towards 1730-29 as the first destination and potentially a deeper one towards 1725-22 as the second destination. The target is the 1745-50 level based on successful support below. We're not going to run these long trades from below much longer, these entries higher up are going to be quick captures. If you have longs from below it would be an idea to hold them and not over expose yourself up here.

We still have our target below but theres also a price point of 1758 sticking out. Support and resistance levels will be posted before US open.

DXY 4H H&S. Still room to go lower. They don't always have to correlate as we've seen in the past but recently they've been working well together. DXY needed a break after its big move, we're still looking for this to turn up and go higher.

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Knights of Gold

Todays levels. price has found support around 1700 but its still bearish. We still have our lower target of 1640 and 1654. We have a feeling the price may not stop there this time but have to wait and see.

We should get some retracement today like we're seeing now, the levels to look out for are shown on the chart. 1720 and 1735 are key levels for the price to change direction again. Its a good idea to observe today as its Friday and not advisable to hold trades over the weekend.

We're coming back in to test the breakout box. Here we want to see rejection or a break back inside. This could be a larger 1H H&S playing out so it wouldn't be surprising to see this range back inside for weekly close.....Keeping an eye on this. We've taken a small Long from 1702 based on the previous levels we mentioned this morning. Eyes are on the 1708 and then 1720 levels again!

Again, daily and weekly close is important, we wanted that spike up before the bigger drop but 1720-25 proved to be a strong level. Still bearish until we get confirmation of a bottom, which we haven't yet.

We'll sit on the trade we have in already and wait for Monday.

As always, trade safe.

15M. This could also be a continuation for the down move. Lets wait for the breakout

Zoomed out.

Now we're back in the box. Lets see how it reacts here.

We're done for the week. Everything you need for the rest of the session should be on the charts from earlier.

See you Sunday for our weekly analysis and market open.

Have a good weekend.

Knights of Gold