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

Nice end to the month

We're away at the moment, only updating Camelot the team. Back next week. KOG

We start to range again with thin volume but, even though the candles look like they're hardly moving, these are huge 3-400pip candles, so don't be fooled by this market. Support is way down here 4450 while resistance stands at the 4490 level. We've completed the move upside and have a slight indication of higher, however, we want to get a pull back here and then look for a reversal to form. Otherwise, a few red box scalps is all it is at the moment

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Very slow at the moment

Support now 4350 needs to hold us to go higher, resistance 4430 if broken above, we should complete the move.

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BOOM! #redboxtraders

When the time is right, execute. That's more than enough, the rest if gravy

Too much of a stretch here this session but we hit our lower hot spots and got a bounce. It was only 2-300pips compared to the move but that's not a bad start based on everything lining up. Unfortunately, both defence regions breached, no reversal signs and no confirmation, so we waited lower. Support is now 4110 which is the level that needs to break while resistance 4290 needs to hold us down to attempt an undercut low. The moves are nasty, there is a big 4H wick being left, and at some point that will need filling. Looking at the Weekly, you can see we've hit the lower hot spot and target area and now we have a potential flip. We'll have to wait for the weekly candle to close to confirm.

https://www.tradingview.com/chart/XAUUSD/7LYdQqoQ-THE-KOG-REPORT-Weekly/ THE KOG REPORT (WEEKLY) 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/zqRVDHBs-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

They're withdrawing this next week.