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

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Gold has reached the extension of the move level and the area of interest highlighted in the KOG Report. Key support is now at 4035, which needs to hold to provide a base for a potential retracement. The indicator is suggesting a move to the upside, so let’s see if price can find support here and push higher.

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https://www.tradingview.com/chart/XAUUSD/XZlXkw81-THE-KOG-REPORT/ THE KOG REPORT has been published on Tradingview. Please support us and the free channel by hitting the like/boost 🚀 button 🙏 on our Tradingview ideas Website: Join us here (open) 👇 https://tradewithkog.com/ www.knightsofgold.co.uk CLICK BELOW 👇 FREE TRAINING AND INTRO TO KOG

Evening thought: THE MARKET IS NOT GOING ANYWHERE… BUT YOUR ACCOUNT MIGHT! Let me ask you a question… Who in their right mind is opening a fresh trade just before CPI or any other high-impact news event? I mean, seriously… do we trade the charts, or do we enjoy playing Russian roulette with our accounts? Today, we had an active Excalibur target short ahead of CPI. But just because we have a bias and a target doesn't mean we throw caution to the wind and start clicking buttons! Having a target doesn't mean you have to be in a trade before the market makes its move. Here's the rule: LET THE MARKET MOVE FIRST! Why? Because when the news hits, volatility kicks in, liquidity shifts, and price starts making its move.  We let the market show its hand. Then we look for the important things: A key level — where price reaches an area of interest. Structure — where the market starts showing us its intentions. A retracement — our opportunity to enter with confirmation rather than blindly chasing the move. Now THAT is trading with a plan! Why gamble on where price might go when you can wait and trade what it actually does? And let's be clear:  The only time you should be sitting in the market before a major event is when you're ALREADY on the right side of the trade, and that position is properly managed and protected. Even then, protection doesn't guarantee you'll avoid slippage or unexpected losses during news volatility. Remember, there's a difference between being a trader and being a button-clicking enthusiast! The market will always give you another opportunity.  Your job isn't to catch every move; it's to catch the right move, with the right setup, at the right time. PATIENCE IS A STRATEGY. DISCIPLINE IS AN EDGE. AND CAPITAL PRESERVATION IS PART OF THE GAME. Don't let FOMO turn your trading account into a charity fund for the market makers! Trade the setup.  Respect the rules.  Let the market make its move FIRST. WE DON'T CHASE THE MARKET. WE WAIT FOR IT TO COME TO US

I'm on Holiday at the moment so will try to post as much as I can on this group but bare with me if it's quiet. Any time I'm getting I'm updating Camelot traders.

Smashed.

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No break above, so no confirmation of the continuation of the move. Simple levels keep you from taking the wrong entries.