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

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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This is what it's about for us. Another member making that transition ❤️💪
This is what it's about for us. Another member making that transition ❤️💪

Protect, manage your trades.

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Thank you very much FTSE
Thank you very much FTSE

So the 63 region which also was a hotspot gave a nice bounce for a decent capture which is protected and a majority taken. It
So the 63 region which also was a hotspot gave a nice bounce for a decent capture which is protected and a majority taken. It's now a matter of this resistance level holding price 2378, it needs to break to give those long above 90 some relief. Otherwise, the stretch continues and we're too low to test any short trades

That's the week so far, longs up into the circled region on the KOG Report, level played nicely and move presented itself.
That's the week so far, longs up into the circled region on the KOG Report, level played nicely and move presented itself.

We wanted higher to get a better shorting opportunity but the breakout came sooner than expected. Our plan was to stop long trades and only look to short, so that level on the break gave a nice move down into our target level given in Camelot 2380 so far. We now have support sitting below 2363, 2355 and 2350 with resistance above 2385 and 2390. For now, again we're too low to attempt taking any more short trades due to the stretch, so we'll watch the support level below. EXC is active again, so expect more downside on Gold unless we break above extreme level 2405