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

Pre-event price action: Trend within trends on the smaller timeframes Patterns that conflict each other - You may get a H&S but with that is a double bottom for example. They do this intentionally to get traders committed to the wrong direction Ranging price staying close to short term MA's Swings and spikes all of a sudden - This is a stop loss hunter activation taking liquidity from the high and low of a potential range Ask yourself these questions: Do I understand intra-day levels? Do I understand pre-event price action? Do I understand trading with ranges and price accumulation? Do I have a risk model that protects me and my account no matter where the price goes?

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USD pairs were the ones to watch this session. GBPUSD and USDCAD running well.

We broke the bias level early session tapping into the hot spot and rejecting. So far, bar one target we're completed here on gold with support staying at the 4950-55 level which is the last target, but we can't target it from here. Resistance stands at the 5003 level. It's a blue Monday across numerous pairs so let's take the foot off the peddle a little here as the indicators are suggesting caution.

https://www.tradingview.com/chart/XAUUSD/1mLa4yjM-THE-KOG-REPORT-Weekly/ WEEKLY CHART: THE KOG REPORT has been published on Tradingview. Please support us and the free channel by hitting the like/boost 🚀 button 🙏 on our Tradingview ideas Website: Join us here (open) 👇 www.knightsofgold.co.uk

https://www.tradingview.com/chart/XAUUSD/eoL3U9ex-THE-KOG-REPORT/ THE KOG REPORT has been published on Tradingview. Please support us and the free channel by hitting the like/boost 🚀 button 🙏 on our Tradingview ideas Website: Join us here (open) 👇 www.knightsofgold.co.uk

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