Approaching weekly supply area at around 1850. This looks very likely at the moment especially with the two bullish weekly candles. This is an important week, for this to go down anytime soon we don’t want to see another bullish weekly candle. This to us suggest that Gold can potentially make a big move at some point over the next few days.

What we’re looking for is support below at the 1828-35 levels on the weekly and then the momentum to break up above 1850 to target the levels of approximately 1860-65 before the potential for a decline.

Our Key Levels:

1850 (psychological level)
1865-70 (Liquidity grab)
1880 (breaking and closing above this level will void our bearish view)
1900 (We all know what this means)

Support:

1835
1821
1813
1782

Resistance:

1850
1860
1868-75
1888-90

As always, trade safe. Please do your own due dilligence, not trading advice.

Daily - XAUUSD:

Whats interesting here is Excalibur hasn't given us any long signals left for the week ahead. We want to look out for 1852-55 which is sticking out to us on the daily.

Excalibur Targets:

We have some left over Excalibur targets from the last 2-3wks. We'll share the charts, please keep these in mind when trading.

THESE ARE NOT SIGNALS

AUDCHF 4H:

This came down to the lower support level and bounced bullishly. Ideally a retest and fail leading to a break of upper resistance level.

Excalibur target still active.

EURJPY 4H:

Its left 2 Excalibur targets below. We'll look into this in more detail over the week.

XAGUSD 4H:

PALLADIUM 4H:

We'll look at this one early in the week as well, see if we can get a good entry for a long.

Thats all folks. Enjoy the rest of your weekend.

See you tomorrow. KOG

A gentle reminder.

Note to members:

Firstly we thank you for your support and following. Without you this group wouldn't exist and we wouldn't be able to share our analysis and ideas with likeminded traders. We're now at over 1k members from all walks of life and from all over the world. We hope you all benefit from what is shared.

On a serious note. We still have people copying, sharing and selling our analysis on other groups. This is not acceptable. Some are not even in the group, they simply view everything without joining and then share it on their own channels. If you see our analysis on other groups please do get in touch with us immediately. We can't stop this from happening at the moment, however, what will happen is they will ruin it for everyone else as we just won't share as much as we do.

Regards,

KOG

We're looking for a reaction around the 1857-99 level, next level above that is 1863-66. Support 1850, 1845-43, 1835-30

XAGUSD:

Target complete

We're looking for either 1857-59 then down to 1845-7 or down to 1845-47 then up. Let's keep an eye on levels. Seems to be exhausted but many will try and sell here so trade safely

If 1845-7 doesn't support 1840. We're above 1850 but its not a convincing break above.

AUDCHF:

Its come down to retest the support level. We're monitoring this closely, if it breaks this level it can come down further. Target is still active, just waiting for a good entry.

EURJPY:

Supported below. Lets see if it reaches our area of interest. Resistance at 132.06

💥 KOG

XAUUSD - Daily:

Its a big zone but we're finally in it. We got a good entry at the 1845 level as we suggested this morning with the target level of 1857. We're out of longs and staying that way for now. We want to see where we close today before we make any decisions. 1850 has broken, if you look at the analysis on the weekly we were looking for the 1860-65 level for a potential reversal. There is a lot of volume at the moment so there is a chance this can go a little higher, lets wait and see what it does at 1870

Running behind schedule today. We'll share charts shortly with updates. Look for support to on gold around the 1855 level with potential resistance at 1886-90. If we break below 1855 its a good sign that bulls aren't fully in control of this but then we want to see resistance at that level. We need to be careful, Excalibur is indicating this can go up so its the same as yesterday. If it goes down first its likely its gearing up to go push up. If it goes up first and we face resistance its going to come down to the support levels which are shared on the daily and weekly charts.

XAUUSD 15M Trend