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

We'd like to wish you all a great weekend and we'll see you on Sunday for the KOG Report. The team at KOG 👍

All in all, we're happy with what we've taken out of the markets as well as the analysis, daily levels, red boxes, hot spots and of course Excalibur and LiTE giving us another fantastic week in the Castle.

Then came the short, we protected and took partials hoping for lower pricing, however, the range and accumulation has other ideas

Order region was reached and long trades completed

We're done for the week in Camelot. It's been an interesting week, frustrating range, choppy price action and very skewed movement across the markets. We have however stuck with the plan for most of it, even though the market presented some curveballs we managed to get the long trades in from the start of the week, following the plan into the order region which is where our bias level was sitting. Gave us a nice buffer for the week and a great capture where it was then suggested traders should now take it easy and await the pending news releases to come.

After:

Red box trades - Hot spots - Before:

This morning we took a long trade from 2303 up into the first region of 2310 resistance, and then activated long again which we're in with a target level slightly above. We've removed the bias for today as it's Friday, we've taken enough from the market to call it a week, and now we want to see where we close so that we can plan for the week ahead. IF, another decent set up presents itself, we'll share it with you all.

Todays Red Boxes

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Done for the day: Support 2315 / 2310 key level on the break Resistance 2320 / 2330 key level on the break MA's closing in together, accumulation in the range in progress.