Weekly:

Please have a look at last weeks analysis on the weekly timeframe .

We’ve tested this trendline resistance now numerous times, we’re also in a what we see as a liquidity zone.

We’ve also left a long wick the previous week which the market failed to fill. Please note, it doesn’t always need to wick fill but its something to always keep an eye on.

We’re expecting this to shack out some buyers, a dip towards 1720-15 wouldn’t surprise us. This would also be a good level to look for a long entry based on successful support. W
e have a higher level of 1760 then 1785 we have a eye on which isn’t too far away. There is also the upper trendline resistance level of 1798 which could be a potential target.

Support:

1730-35
1720-15
1700
1685

Resistance:

1750-56
1760-65
1780-85
1798

Please click on the link to Tradinview to see the chart. Your likes, shares and comments are very much appreciated so please do try to click like.

4H has already been published.

Enjoy the rest of your weekend. We'll see you tomorrow for hopefully another successful trading week. KOG

We're selling Gold. Looking for 1732 as the first target. Use a small lot (0.01) if you follow.

Be careful with this trade and make sure you use a Stop Loss if you're following us.

1734!!! NOT 1732

Adjust your TP please

We're going to play it really safe

You can exit here if you're not comfortable to hold it. 40pips profits

Trade complete 💥

Well done if you followed. Nice quick sharp entry and exit. Still lower to go but we'll take what we're given

GBPJPY: 1H

Take this with caution. A lot of you here trade this pair so you'll know what you're doing. Based on our analysis of it we're looking to sell it.

GBPJPY - If you entered this protect your trade. This has left a price level down below that we're targeting, however, breaking the level above will move it up towards the negative area. If it breaks up, we won't wait for the stop loss to hit. We'll exit the trade and look to re-enter again higher up.

XAUUSD - 1H

Gold is testing a previous level of strong resistance. We're not far from our target level of 1720. We're not taking any positions yet, we want to see how the market reacts down here. Levels are on the chart, please use them.

XAUUSD 4H - Updated - For reference only

IMPORTANT:
As we've always done on this group, we share most of our trades and ideas with you. This one is quite a risky trade, we're sharing it as this is our plan for the day. If you follow, follow at your own risk!

We're looking for this to go a little lower towards 1720-17. We want to test the long trade at this level for a quick capture towards 1730-35. This could potentially be a risky trade as there is strong bearish momentum. The trade is based on successful support below, if we don't get strong support we won't enter.

We're using a small lot with a stop in place.

Please remember. This is based on strong support below! If support breaks this will go lower towards 1708-1700.

This was close!! If you entered protect this trade