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

NFP today. Wait for the price to go where they want to take it, look for a clean set up, then enter the markets if you wish to trade. The most amount of money is lost and accounts are blown during FOMC and NFP because traders are trying to capture the volume driven candles with large lots. They also get stuck in pre-event price action during the ranging and chop without using SL's. This is a recipe for disaster, large lots, small accounts, it only take s a small spike to blow your account. This is not trading, this is gambling! Casino is open, the drinks are free to entice you, only you can have that discipline to sit and wait patiently for the right moment.

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For those who trade other pairs, we're looking at EURCAD at the moment...looks a bit juicy here!

For today I'm thinking we'll stick with yesterdays bias as it still seems to be working. I have a 15min range here which we're using at the moment, taken one TP on the short due to the indicators aligning, however, that range low support is an important level here.

A bit if fun for this summers world cup https://join.hmarkets.com/live-client-world-cup-trading-competition-052026/ (https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fjoin.hmarkets.com%2Flive-client-world-cup-trading-competition-052026%2F&data=05%7C02%7Cm.liaqat%40hmarkets.com%7C790ca2dcf8c342bff0ba08deaf682244%7C868abd7c98994ebdbf99b620f959a35b%7C0%7C0%7C639141058970559247%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=LqDB6ZEfP4IgnWBG78tZ6TWv%2FhRXAcEB2otXbQD60Ts%3D&reserved=0)

If you would like to join a winning team of traders, a community helping and supporting each other, KOG's guidance on the markets, navigation on Gold with levels targets, hot spots and key levels. What's more? Excalibur and LiTE giving you pin point targets. The Red box and Knights indicators showing and generating signals all day long across any pair available on Tradingview, allowing you to trade independently, the custom volume indicator that tells you when it's good to long, short and play caution across all pairs and instruments. Education, guidance, trading tips, news and so much more. Click the link below and follow the instructions: WWW.KNIGHTSOFGOLD.CO.UK

Not bad at all