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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Quick update from what we said earlier.
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Quiet day so far on gold while it plays the range which is there to frustrate traders. MA's now drawn together, accumulation looks like it's coming towards the end, breakout pending!
Decent day yesterday on Gold, today, try and reduce lot sizes and make sure your risk model is up to scratch. We had the level of 2385 and 2405 last night in Camelot, 2385 was hit with the stretch into 2390 but the higher target was not complete. We're not going to pursue that target now unless we get a deeper pullback. Please plot the key levels on your charts
2365 support / 2380 resistance
Key levels today
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Nice move so far today, long and short both available to traders for the taking. Support here on the intra-day, resistance sitting around 2360-63.
https://www.tradingview.com/chart/XAUUSD/Za8GAQas-THE-KOG-REPORT/
🔈THE KOG REPORT has been published on Tradingview. Please do help support us and the free channel by hitting the like/boost 🚀 button 🙏
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Wishing you all a great weekend. We'll be back on Sunday with the KOG Report and our view for the week ahead.
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