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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Intermediate support held up, push higher again in attempt to break through 2420.
Support now stands at the 2410 level which, if broken will take us to the range low sitting again at 2395. Powell speaking later, more ranging expected until the speech.
4H support was attacked, held and gave a small bounce off earlier. We're at 1H resistance now which needs to break to go higher into then attempt to clear 2420. No news today apart from Powell speaking later in the session which may cause some volatility, otherwise we could be seeing a ranging day
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https://www.tradingview.com/chart/XAUUSD/dLDkSmAK-THE-KOG-REPORT/
THE KOG REPORT has been published on Tradingview.
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š± Invite link:
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contactknightsofgold@gmail.com
š± Instagram:
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š± X:
https://twitter.com/KnightsOfGold2
š KOG's Broker of choice: Hantec Markets
https://hmarkets.com/live-account-pre-registration/?refid=11771&cmp=8d3x4m1u&ent=hm
We appreciated all your likes, follows and comments. Give us a follow, share the group and keep up to date with KOG.
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Support 2402, 2395 extension of the move 2385, resistance 2410 needs to break
To be honest, with more news yesterday and with it being Friday, we're happy with that trade down which was identified late session yesterday. Now support below as per the KOG Report could give a temporary bounce, however, we'd only want to scalp if we're going to take it. We're now more interested in seeing where they close the daily and weekly candles so we can prepare for next week.
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