That's where we are this session with the red box holding the range and the indicator giving the long trade upside. Resistance here is 2910 with support 2895 and the extension level 2885. We're not expecting to do much more on Gold as we have NFP around the corner and we've done well on it already, no point getting into positions pre-event now.
If you are going to trade, especially you guys who are new to trading, reduce your lots sizes. Expect ranging and choppy price action and use the levels we post. If it's no where near the level with no structure, it's not going to be a clean trade!
If you are going to trade, especially you guys who are new to trading, reduce your lots sizes. Expect ranging and choppy price action and use the levels we post. If it's no where near the level with no structure, it's not going to be a clean trade!
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NFP 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!
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.
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!
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.
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https://www.tradingview.com/chart/XAUUSD/tZLRR92t-THE-KOG-REPORT-NFP/
THE KOG REPORT - NFP
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THE KOG REPORT - NFP
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THE KOG REPORT - NFP for FX:XAUUSD by KnightsofGold
THE KOG REPORT β NFP
This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted riskβ¦
This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted riskβ¦
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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.
https://www.tradingview.com/chart/XAUUSD/cqKCnzGE-THE-KOG-REPORT/
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We appreciated all your likes, follows and comments. Give us a follow, share the group and keep up to date with KOG.
THE KOG REPORT has been published on Tradingview, Please support us and the free channel by hitting the like/boost π button
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THE KOG REPORT for FX:XAUUSD by KnightsofGold
THE KOG REPORT:
In last weekβs KOG Report we said we would wait for the 2847-50 level to confirm support, and if it did the opportunity to long the market following KOGβs bias level targets would be available to traders. This worked well during the earlyβ¦
In last weekβs KOG Report we said we would wait for the 2847-50 level to confirm support, and if it did the opportunity to long the market following KOGβs bias level targets would be available to traders. This worked well during the earlyβ¦
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://www.tradingview.com/chart/XAUUSD/cqKCnzGE-THE-KOG-REPORT/ THE KOG REPORT has been published on Tradingview, Please support us and the free channel by hitting the like/boost π button π on our Tradingview ideas You're all welcome to invite others toβ¦
The range continues. This is what we had mapped out pre-open which gave a nice long and then short from the 2916 level, near pinpoint move.
We then got a bounce from our bias level but stopped short back into the MA's. Would suggest waiting for the price to breakout as per the KOG Report unless you're going to scalp. If you do scalp, do not scalp mid-range!!
We then got a bounce from our bias level but stopped short back into the MA's. Would suggest waiting for the price to breakout as per the KOG Report unless you're going to scalp. If you do scalp, do not scalp mid-range!!
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