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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Not quite to plan but we managed to get better entries from above and complete the move here
Resistance held again on point, support broken, was worth the wait
Slight stretch of 20-30pips on the resistance but in these markets that's nothing. It held and gave a further push downside, with support now 3440
The candles look small on purpose, the volume in them is extreme, they do this on purpose to get you trading larger lots. Don't fall for it!!
Now we have resistance with a slight reversal in play at 3460-65. This level needs to hold us down in order to get lower pricing, break above and we'll create a new ATH above 3500
Very aggressive on Gold this month with this monster of a move, staying ahead of it has been a bit difficult for some traders. We did get that long into the level we wanted, but that short again, was "short lived". We then activated again higher, broke through resistance like a hot knife through butter and hit the target over the Asia session. Not an easy market to trade, not because the longs aren't hitting targets, but because of this stretch making it more and more dangerous to get in long the higher it goes. Markets know what they're doing, they're going to want sellers to become buyers so please take it easy, if you're uncomfortable in this you shouldn't be trading it
Unless we hold above 3400 for a couple of days, I'm not comfortable with long trades unless we get a decent pull back. Please support us and the free channel by hitting the like/boost 🚀 button 🙏 on our Tradingview ideas
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www.knightsofgold.co.uk
Worth waiting for. Support now 3410, with resistance 3420 needs to break
Would like to see a reversal form at least! Otherwise, beautiful long and potential RIP from the level giving a point to point, level to level move
https://www.tradingview.com/chart/XAUUSD/TZgyvzUm-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
I'm not going to name drop. My point isn't to boast, it's to show you that this is not out of the ordinary. This is simply strategy and money management, the fundamental tool many traders lack and don't concentrate on
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