Now if this hits the 1890-93 level first we won't enter this trade. Rather we will look for a support below and test the long. We'll share the chart if we see this scenario unfolding.

Thats where we're putting our stop on this one. Breaking above that level will push the price up further. Small lot

50% taken stop to BE

If it closes it will close at BE. We'll look higher to get back in again

XAUUSD H1 -

Update from yesterdays chart. We hit our stop at breakeven yesterday after taking 50% profits of the table. We said we'll get in again if it went higher, nicely came towards the level we were expecting. We've taken exits on 90% of any shorts here and move stops to breakeven. We would expect it to find some support here and potentially retrace a little back up towards the 1900 level. A completion of the first target is around 1889 so its a good idea to protect your trades.

Our plan:

NFP tomorrow. Unless this makes the moves today and prices it in we would imagine gold to settle into a tight range. Either around here or back towards the 1900 level. We have drawn the range we're looking at on the chart. Thats the movement we're looking at over the coming sessions. Expect there to be some moving and shaking of both buyers and sellers before this starts a new intermediate trend.

We'll share any ideas we analyse but as many of you who have been here from the start know, coming up to big market moving events we take trading very seriously and always trade with caution. We would recommend you do the same.

We'll be looking for clues now to try to determine where we think NFP will take us and as always, will share it with you all.

And theres the retracement. This is why its always a good idea to take a decent amount of profit as you go along. Those new here, please scroll up through the messages and you will see the key levels that have been shared along with the weekly and daily KOG analysis.

Thats the first part of the move complete to its destination. Excalibur gave us this indication yesterday, although the shake out happened Excalibur doesn't fail us. If you followed along, well done. Best to take it easy now and wait for NFP to be over and done with.

Still to come.

In to zone 2. Now we want to see if it enters the key support area

What a lovely move. Anyone following KOG for the last 6 months has seen the power of Excalibur.

2nd Target complete. And thats us done for today. Remember NFP tomorrow. We haven't entered for the long trade yet. We'll wait for strong confirmation before we do. If we miss it, we miss it. Its been a nice days trading. KOG

NFP Today. Expect some volatile and choppy price action. We're scanning charts looking for clues. We'll share our analysis before the release of the numbers.

Gold seems to be following our road map pretty well. We analysed the price points for a KOG target and potential reversal and we got it. We also identified the key support area where we were looking for a reaction, the price came down that level and rebounded bullishly. Right now its suggesting that it will still follow our road map and continue upwards towards the 1885-95 levels. IF it does this is where we want to see if we continue bullish or if we again see a rejection and then a further decline on gold. We’re only scalping today as its NFP later this afternoon, its really not worth getting stuck in any positions hoping to catch the highs and the lows. Remember, this is Gold and it will swing up and down to trigger and many stop losses and orders as possible before making its move.

Our view:

We’re expecting to see support below, the move from yesterday could have been a flush on the longs before resuming the bullish move towards the 1920 levels.

. Below here we’re looking at 1860 again as a potential low wick on the NFP candle and then up. We had a KOG level of 1860 which has been hit but the price failed to close below it. The daily bearish engulfing candle could get challenged so again that key area is 1893-97.

If this goes down first we’re looking for support below at the 1860. 1850-40 levels, that’s where we will most likely take a small long trade to target the higher levels.

If this supports around here will look for this to go up first, if it faces resistance at the 1890-95 levels we’ll look to take a short back down towards the 1860 levels.

As always, trade safe. This is simply our view based on our analysis of the markets. Its not trading advice and we would recommend anyone who has less than 1yrs trading experience to not get caught up in the moves these events can bring with them. Its always best to let the day be over with, let the market settle and return to the charts on Monday

https://uk.tradingview.com/chart/XAUUSD/0nhKqzZ1-XAUUSD-NFP/

Full chart and analysis here. Please do give us a like and share 🙏

This is the road map we're looking at. The view is still this can go up before coming back down. However, the NFP chart is the projection for todays movement, not the short-med term movement we're expecting. Hope thats clear.

Please read our advice. Its not recommended you try to trade this events, remember cash is also a position in the markets. Wait for the release and volatility to be over with, make a plan and then enter the markets. Always money and risk manage your trades. These events are known to take out retail traders trading with large lot sizes. KOG

That wasn't bad at all.

Thats the move complete. We won't be shorting it just yet as we're not happy with the reaction at the moment