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

Quick update: We have two important levels here, 4110 and 4140. In between we can only scalp, but the stops here are a little big, so what do we do? Our indicator is suggesting we may bounce one of these levels, we haven't broken the bias yet and we're playing accumulation with sentiment exactly neutral. That means retail are uncertain at the moment, so we'll need to whipsaw and create false breakouts to tilt the scales. Until that happens, I can't take long captures like we usually do, we'll simply chill. The daily is suggesting a retracement, the monthly is still bearish in my opinion. PMI couldn't drive us out, so there is likely to be some news on the way that is going to generate the volume.

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Have a good weekend all. See you Sunday for the KOG Report. KOG

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This week's live scalps: 5 out of 5

This week's intra-day trades: 7 out of 7

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NFP - Smashed 🔥

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