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 a bad day on the markets but not as good as the week we've had so far. Gold, bias level gave just over 50pips, majority taken and closed at BE.
Anyone entered out of FOMO at the bias level, would suggest you protect it
Remember, the trade comes after they have moved it! Have patience in your trading
We wanted the 2530 level but wanted this to pull back yesterday to give us better entries for the target. Unfortunately, not only have we just missed 2530 getting 2529, we didn't get the pullback to get in.
CPI today, so please reduce your lots sizes and play defence. We've carried this again all week from the open up to yesterday's close, they will want to take back anything you've made plus more.
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