Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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We trade level to level. Follow at your own risk. Always use a sensible stop loss. Strictly for educational purposes, not trading advice. We are showing you what we analyse and how we trade the markets.
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-17 أيام
+5030 أيام
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Not much to report here, we said we would stick with the plan and the bias. We're sticking with it! There is minor support here with resistance now at the 3306-8 level
Support stands at 3310 which needs to break while resistance is at 3335. You can see MA's are converging on the hourly chart, this isn't pre-event (NFP) price action, this is end of month accumulation for a breakout! Sentiment is neutral and there is a test needed on the high so let's keep an eye on that range low, it needs to break to go lower
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We had a high of 3336 on our brokers which gave a decent entry for the short in the Asia session. Support here seems to be holding with resistance at the 3310 level which will need to break to go higher. For now, nice short to start the week and we'll protect and manage
https://www.tradingview.com/chart/XAUUSD/mbvk55AB-THE-KOG-REPORT/
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