Closed in overall profit after hitting the stop

We're going to wait for tomorrow once all the noise has settled before we get back in to a trade. See you all tomorrow

We'll be back for the US session. The 1735-37 level is a level of interest at the moment. Yesterday we wanted a strong close above 1740, today we want to see the mentioned level break for this to continue upwards. The lower levels are 1720, 1710 and 1703.

14:00 GMT today

Hopefully this chart makes sense. This is our plan at the moment. We will update you if it changes.

We're looking for shorts from the 1745-50 level and we're looking to buy from the 1715-10 level....If 1710 breaks we'll wait for it to settle as it can go lower, if 1745 breaks and closes we'll also wait for it to settle.

Right now we're in a tight range on the 4 hour chart. Lower highs and nearly equal lows. The breakout is coming as its compressed enough from what it seems.

We're only scalping at the moment hence we haven't shared our trades.

30M chart is in a small channel with the bottom being around here and the top around 1735.

1H. Again, you can see the formation. We would personally suggest to wait for the breakout unless you're scalping small lots with tight stops.

Levels are on the chart, please add them to your charts. 1727 is crucial at the moment.

Support:
1727
1721
1708
1702

Resistance:
1735
1745
1750-52
1757

Only sign we have at the moment is 4H is bearish and looks like its going to go lower towards that 1720 level. Thats not confirmed yet though so please don't take that as a signal. Something to look out for.

We're back in an hour

We're looking to get in again with a short around the 1732-34 level. Our initial target is 1724 then below that 1721. Tight stop on this one with a small lot.

Stop hit on this

We're going to let it settle and look for another entry

We're going to wait it out at the moment. Let the price settle

Unbelievable 🤷‍♂️

Still stuck in this tight range even after yesterdays shakeout. Was a classic retest of the trend and sharp rejection. We want to see one of these levels break 1735-40 or 1726-20. Price is accumulating inside what is potentially a descending triangle .

We're sitting on the sidelines at the moment waiting for this sideways movement to end before we get in to a trade. Our bias is still bearish but we want to get a good entry for the short. 1710 levels are sticking out to us so lets wait and see.

We're expecting another shakeout today. Please be careful with your trades. This is not the market to try and catch the bottom or the top. Its also not a "buy the dip" market.

Now if this candle closes or wicks on this support this could be a Inverse H&S, however, breaking this level will potentially invalidate the pattern.

We're keeping an eye on this.

Todays plan:

We want to keep an eye on this IHS. If it confirms then this is likely to go up towards the 1740-50 level. IF we get there and face resistance we'll test the short to target that 1710 price point. Please see the analysis from earlier in the week to see our levels for longs and shorts.

If this breaks the neckline and goes down we'll look for 1715-10 to support and then test the long for that 1745-50 level.

Right now Excalibur had given a target of 1720, we got 1721 yesterday so we need to be careful. We're waiting for Excalibur to confirm the 1H target and we'll share the trade with you.

A very tight range for Gold last week. Looks like its trying to break back up into the upper range but struggling. Support remains at 1726-28 and resistance at 1740-45.

We would expect some kind of pullback over Monday to potentially test the support level once again. We have NFP this week so unless it gets priced in early to mid-week we would assume this range will still apply.

We have a level of 1705-10 which is sticking out at the moment. Daily is showing a double top around 1745 and a double bottom around 1725. We’ll be looking for clues on market open.

Looking for support at that 1730-27 level again on this chart. It seems to have broken out of the triangle that we posted on Friday. However, we have to remember that triangles can give false signals, they break on way first then go the other.

Being a 4H TM the false break could be upwards towards our level of 1745-50 and maybe extend to 1765-70 before reversing back down.

We’re taking longs for support and shorts from resistance but we’re waiting for the ideal short opportunity as we can still see lower levels.

We’ll only know once the week begins.