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.

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We're not around this morning members. Will be back before the US Session.

XAUUSD 4H -

Excalibur has given us another long indication. Although we know its a very accurate tool, after yesterdays flush on the buyers we would treat this with caution. Its likely that we may see the price push up at some point to get some late buyers in, we have a lower level of 1857 and 1840 which we feel is due. What we want to see is this push up and resist at the given levels and then begin its decline to the lower support. Its broken up above some key levels, if the price stays up here on the weekly candle its likely we've opened up higher levels that can even take us to 1940-50 on the daily. This is something we will need to observe on closing tomorrow.

The ideal scenario here is support below, push up towards the 1885-90 level, resistance there and then a decline into Friday.


Support:
1860
1851
1840

Resistance:
1881
1891
1901-3

XAGUSD 1H -

Silver has done the same. Its given us an indication of a long. We need to monitor the support below and the immediate resistance. Breaking the resistance here and said resistance turning to support and we feel silver will follow the path we've illustrated on the chart.

This is note a trade signal, simply something to be aware of. The levels are all on the chart.

DXY - 4H

Something we need to keep an eye on. Excalibur gave us two targets at the beginning of May. The first target has been achieved. We still however have a target below which even we are a bit sceptical about. Anyhow, we have to keep it in mind as most of our targets are quite accurate. IF this target lower is hit it means they'll use some news event to drive the price of the dollar down to technical levels which will mean a rollercoaster on the markets across the board. With BTC the way it is as well we would suggest you take all trades with caution and small lot sizes, especially on the precious metals.

Some trade ideas on their way. We've analysed a few pairs this morning based on Excalibur indication. Lets keep an eye on these and see if we can get some good entries for the targets. Give us a like and follow on TradingView if you're aren't already.

https://uk.tradingview.com/chart/EURUSD/URvKMzCt-EURUSD-1H-Short-Idea/

Lets see if we get the retracement so this short. We're looking for this to go lower first before resuming the incline. We're not entering yet, its just an indication of what we think is going to happen.

https://uk.tradingview.com/chart/USDJPY/SSdPSuqd-USDJPY-Short-idea/

We had a KOG target above which was hit to to the T. KOG targets also work as reversal zones, we can see how the price reacted there and turned around. We have a KOG target below but we're trading it with caution.