Knights of Gold (Gold/FOREX Analysis/Trade ideas)

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USD pairs were the ones to watch this session. GBPUSD and USDCAD running well.

We broke the bias level early session tapping into the hot spot and rejecting. So far, bar one target we're completed here on gold with support staying at the 4950-55 level which is the last target, but we can't target it from here. Resistance stands at the 5003 level. It's a blue Monday across numerous pairs so let's take the foot off the peddle a little here as the indicators are suggesting caution.

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BEFORE:

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This is ending soon. It helps in these markets

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Camelot Friday tomorrow so we won't be around.

If there was a code....

Close enough

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And there's the retracement

We've hit and bounced the lower region we wanted with the hot spot working well. We're still in the range with the bias level today at 5080 break below and 5204 break above. Key level support stands at the 5160-5 level which can spike but needs to hold us up to the attempt the breach of 5200 and take us higher. For now, as we wanted, we got lower entries from yesterdays summary, now we'll look for the pull back and see what kind of reaction we get. 15min indi suggesting a pull back on it's way