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

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Camelot Friday, we're using the day to clean up and prepare for the new week. Caution with leaving trades over the weekend, they may open with aggression on Sunday if there is any more news to drive the markets. For now, the above is good enough to end the week.

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Bang on the red box indicator signalling the reversal on its way and then the bounce from the red box for the long trade.

With a US bank holiday today, there are chances we may start a range now between the 3390 resistance and 3355 support. For now, the move worked well sticking to the red box levels given in the report

Following on from FOMC, the move downside worked well but into the first level we wanted which was 3350-55 which is where we bounced. Resistance now stands at the 3375-80 region which is the level to watch for a rejection or a break. A break here will continue the move upside to then attempt that 3390-95 level again while a rejection there can complete the move we wanted downside into the 3330-35 region.

Nice. Hit the boost button on the Tradingview posts please. The support from this free group isn't great, that's all I'm saying.

Absolute mental markets. That's just today and FOMC hasn't even turned up yet! 🔥

https://www.tradingview.com/chart/XAUUSD/csZsLiug-THE-KOG-REPORT-FOMC/ 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

With FOMC today this is all that we're doing, small scalps on the indicators with low exposure if anyone is feeling the itch. Otherwise, backseat driving while price continues the range

FOMC today. Wait for the price to go where they want to take it, look for a clean set up, then enter the markets if you wish to trade. The most amount of money is lost and accounts are blown during FOMC and NFP because traders are trying to capture the volume driven candles with large lots. They also get stuck in pre-event price action during the ranging and chop without using SL's. This is a recipe for disaster, large lots, small accounts, it only take s a small spike to blow your account. This is not trading, this is gambling! Tonight the casino is open, the drinks are free to entice you, only you can have that discipline to sit and wait patiently for the right moment.