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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1935 was tapped early session giving a nice short trade down into 1920 where we got a perfect TAP AND BOUNCE as per the KOG Report. We're expecting this to go further down but the short if taken from resistance was the right entry. Stop's to entry and take partials on this if you're in. We're already suggested taking partials on any longs from 1920 when the price was around 1928, this trade would have been closed at BE after taking profits.
Expect some more whipsawing price action with a potential tap in to the higher liquidity region if they start taking it up, they'll want to clear that potential head so likely it will be higher than 1935. Please do read the KOG report, the detailed analysis is given in there. As always, trade safe.
1935 into 1920 TAP AND BOUNCE up into resistance. Longs need to be protected and partials taken!!
https://www.tradingview.com/chart/XAUUSD/CpSebata-XAUUSD-KOG-REPORT/
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