Please read the analysis for our overview.

We weren't expecting much of a pullback after yesterdays move and Gold found support exactly where we wanted it. We're still looking for higher targets but wouldn't rule out a pullback during the US session.

Everything is on this group, you just need to go through the analysis shared during the week and the Sunday KOG report.

Please remember this is a free group, its not a signal service, we're sharing our ideas and trades with everyone here. As many of you here will know we try not to trade on Fridays unless we get a high probability setup. If we see one we will share it.

Week ahead KOG report for the Monthly TF is available on Tradingview. We'll share it here along with the other timeframes shortly. Please don't forget to hit the like button and give us a follow.

This is working out pretty well…We can see the trendline resistance running from 2009 at 1795 approaching. This is also a crucial turning point for Gold in previous years (Nov 11, Feb 12,Oct 12). We want to see how the price reacts at this level, IF it gets there! We have high targets on smaller timeframes of 1785, lower targets of 1720 and 1647 at the moment. We want to find a good opportunity to short it to the mentioned levels.

We’ve circled a potential target area around the 1820-27 mark. This is a KOG level we think the market can push up to just to get some more late buyers in to play before resuming a potential move downwards.

As always, these are just ideas based on our studies and analysis. We have additional tools that help us draw to conclusion but ultimately we should trade the markets how we see them.

We'll share our 1H trading ideas once the market opens and we see the setup that we have in mind confirmed.

As you can see on this chart our previous target which we plotted a week or so ago has been met. Excalibur gave us two targets, 1760 with an extension to the 1775 level and 1720.

We just missed 1720 which is suggesting to us the move down is not over. We’re taking longs from pullbacks but these are for short, sharp , quick captures with tight stops. We’re at a price point where we want to hunt for a good shorting opportunity.

Being gold , anything can happen as we should expect this to be a whipsaw ride again with the market trying its best to take out buyers and sellers before making its move.

Support:

1761
1755
1748

Resistance:

1785
1792
1802
1810

As always, trade safe.

Your likes, follows and comments are very much appreciated.

We’re expecting two scenarios here both having the same result.

We’re looking for open to ideally pullback towards the 1760-55 levels and then continue its journey up towards 1785-95 or, we’re to open up, hit the 1785-95 levels, flush out any late Friday sellers then come down towards the 1760-55 level.
At this support we’re expecting it to continue its journey upwards.

1785 is a key level here, something is telling us the market will break this level higher up to complete the full Fib retracement. We have to wait and see once the market opens and price has settled into its Monday flow.

Support:

1772
1768
1758
1755

Resistance:

1785
1795
1800-03
1810-13

Thats a wrap folks. We'll be back tomorrow for market open where we'll get a better idea of what to expect on the 1HTF. Levels are on the charts so please use them. We're looking to take another long at some point if we get a decent pullback. We'll share the idea once we've confirmed it. KOG

Looks good to go up. Ideal entry would be below for this, any pullback and we'll get in for a long to the target level.

Trade Complete.

The trade is complete as the target area identified by Excalibur has been reached. The ideal entry for this trade was on a pullback to support which didn't happen. Entering the trade without a pullback would have been risky.

We want you to trade safely and limit your drawdown. This is why we always give an area where we are waiting for to get into the trade. You should always try to trade with a good risk/reward ratio. Entering trades high/low or close to targets reduces your RR and the trade becomes risky.

Seems to be doing what we expected, however, we can see this going a bit lower. Excalibur has given us a target above, we want to line up a good entry for a long. Next support 1766, below that 1758 and to really stretch the late buyers 1750

EURUSD 1H -

Looking to take this long again towards the 1.2100 level. Once we establish a support level we'll test the entry. Breaking 1.20018 and the trade will be invalid.

Yesterdays Gold 1H chart.

Approaching significant levels, we're looking for this to come lower. Anywhere between 1755-50. It needs to support there.

Protect your trade if you entered!

EURUSD - Taking 60% of the trade here

We got a good entry on this so make sure you manage the trade

Members, we're going to exit this trade as we're not around for the rest of the day. Its still in profit and we've already taken 60%