XAUUSD -12H Chart update:

Quick update for close of play today.

We shared this chart together with the KOG report on Sunday showing you the triangle we are in on the 12H chart and what would happen on a break and close of the 12H candle above the 1820 level. As you can see we've now come to the target level on this chart and would suggest you exercise caution in this area.

The top of the trend is not far away and we are sitting in the previous liquidity region which has been used numerous times to propel the price in either direction. We will be keeping a close eye on this structure and waiting for today's daily close to ascertain short term movement and rely on Excalibur to guide us.

Hope the daily updates have helped, we've managed to bring you up to this level in the longs, however, as we suggested in our earlier post, this region here we will sit out and wait for a break in either direction.

As always, trade safe.

KOG