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

AUDCHF - 4H - Update:

Same scenario as yesterday. Its come to test the support level again. We don't want it to break the support level, ideally we need to leave this zone which the price is struggling to do at the moment.

We're done for the day. 4H chart shows the trend we're in and the support and resistance levels. Excalibur has left us a target level of around 1879-1885 which we need to keep in mind. Possible H&S on the 1HTF which we need to keep an eye on. Its been a quiet day with a ranging market so expect a breakout over the coming sessions. Same scenario as before, please refer to our afternoon analysis.

See you tomorrow.

KOG

To clarify. We're not taking any long positions up here at the moment. The targets are potential reversal zones for us. We will monitor the price action at each level.

KOG Zone rejection. This doesn't mean its going straight down. We're approaching a strong support area now so we're protecting our shorts. This is why we mentioned yesterday we're not going long on gold.

15M trend. Again coming towards a strong support zone. Remember, Excalibur has left us a target above. If we don't break the support levels above its likely we can go back up. This could just be a flush of longs

15M - Its all there and published live. resistance levels, trends, KOG zones and targets.

KOG 💥

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