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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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www.knightsofgold.co.uk
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If you're in from the low, maybe take some partials and protect. Let's see what the next couple of hours bring.
We've taken out of this now. Support below looks weak at the moment so caution needs to be played on Gold. Resistance above 2340-45 needs to break to go higher, otherwise, if held we could be seeing some more bearish pressure on Gold. We have a rule in Camelot where we trade less towards the end of the month, we reduce our lot sizes and we make sure our risk models are up to scratch. This helps us prepare for the month ahead while we anticipate the monthly close. We've done extremely well on Gold again this month, we're not looking to take major positions now.
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