Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Open in Telegram
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.
Show more8 929
Subscribers
-524 hours
-247 days
-230 days
Posts Archive
Now it's too dangerous to short this so please don't get stuck
That higher level is where we started shorting this rubbish
Don't trade volume driven candles trying to find tops and bottoms. The trades always come from key levels when there is volume in the markets and the MM's have a plan.
If you're not sure of what the market is doing, stay out of it!
We'll try to share as much as we can from Camelot
Some traders may need some guidance with Gold at the moment
Gave you two levels for the RIP and one target. Job well done here in Camelot 💥
End of day update from us here at KOG:
Following on from the KOG report, we suggested seeing an early attempt at the low before an attack on resistance where we would be looking to exit and long trades and then hunt for the short from the levels 2017 and above that 2020-25. We wanted to see a confirmed setup to then short the market back down into the lower support levels. So far, so good! Levels are working well, structure is holding strong and the trades are coming up and down, level to level. Would suggest short trades are now protected as per the analysis earlier, and partials/majority taken.
If we bounce here from the range low, we’ll want to target that 2010 level again first, that’s where we’ll decide what to do next. Otherwise, hold the short protected and we’ll see where we find a base.
We wanted a move to the downside into the 2002-5 price point where we're getting a temporary bounce. Still in range with all MA's grouped together above.
