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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This is what we're looking at today. The lower KOG target has't quite been reached so we're looking for some more selling pressure to come down towards the support level below. We're going to look to take a small long entry at this level with the stop shown.

The levels are the same as are the targets.

As always, trade safe,

KOG
Members, we want to see this support below. Needs to be a strong rejection from the level for this to push up further. There are 3 targets so we're using small lots and we will be looking to take partials at each point along the way.
That stop is going to be a little flexible but if it breaks and closes below 1860 we'll get out
Expect movement during these times. If you're going to trade EUR and USD pairs make sure you're using small lots and managing your risk.
Thats target 1. We've taken 50%
Taking an additional 20%
Let the rest run if it wants to. 30% is a free trade. We've taken what we wanted to for today
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
This is what we're looking at today. The lower KOG target has't quite been reached so we're looking for some more selling pressure to come down towards the support level below. We're going to look to take a small long entry at this level with the stop shown.…
XAUUSD Update -

Hope everyone managed to catch the trade. This is our plan with Gold now. We've already released 70% of the position just below. We're now in with a remainder of 30%, we're going to raise the stop to 1880 to lock in overall profit on the trade if it goes back down. We are however going to remove the TP. If this wants to go higher we've got a good entry below that we will let run.
XAUUSD -

We've already got 30% of our entry from yesterday running for the targets above. We're now looking for support below around the 1883-86 and going to add another small lot to that Long entry to target the higher level.

We've already taking good profits yesterday so this is a small lot as this has the potential to go lower. We'll take a chance on it. If it hits the stop we're still up overall so its worth it.
Remember our stop has been moved up to 1880 on the 30%.
Channel name was changed to Β«Knights of Gold (Gold/FOREX Analysis/Trade ideas)Β»
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Its a simple one this week as we want to pay more attention to the market when it opens.

Use the levels for support and resistance which have been published on the group. Please also read the Weekly analysis which has already been posted for a longer term view on Gold.

We'll be back in the morning for the early sessions.

Wishing everyone a successful weeks trading ahead.

KOG
Gold gave us a nice trade down and then up again yesterday as we assumed on the daily KOG report. We're holding 50% of our longs with the stop at entry waiting for the price to resume a little more bullish behaviour.

We're looking for support below and what looks like the formation of a IHS on the hourly. The arrows indicate what we're looking for today. We're expecting the price levels of 1877 and above that 1880. These levels need to hold as resistance in order for the bears to maintain control on the downward move. Breaking support below and we are likely going to see the lower levels of 1835 and below that 1820-10. Support here would represent a good buying opportunity in our view.

We have an Excalibur indication of more bearish pressure to we're keeping an eye on the above levels.

KOG