https://uk.tradingview.com/chart/XAUUSD/H1qa1AoR-XAUUSD-KOG-Report-Daily/

KOG Report has been published on TradingView. Please do give us a like 🙏

This is the hourly on Gold and what could be a potential channel. Its broken the double bottom so there is a possibility for this to go down a little further during the early session. Its too late now to sell down here so our plan will be to let it find support and we'll target the higher level of 1790-95 in the short-term for retracement. At that level we'll look for an opportunity to short it again. This all depends on how this opens and how the early session price action is so lets see what it looks like in the morning.

Wishing everyone a successful trading week ahead. See you tomorrow.

KOG

Disclaimer: We'll be posting this regularly on the group. Please remember we are not a signal service. All trade ideas and analysis shared are only our view on the markets.

XAUUSD - 1H

Facing a bit of resistance here around the 1785 level. Make sure to protect any longs you have from below if you're targeting 1790-95. We would expect a bit of a pullback around here, support shown at 1778-76

19:00 GMT

XAUUSD - Facing resistance at the above level. All MA's are starting to converge again and the price is consolidating in a tight range. Our advice to anyone trading is to trade small lots. It seems another big move is on the horizon and as we know with gold it likes to shake out traders. We would expect there to be spikes both up and down in order to trigger orders and stops. 1795 is key here as breaking that up will force the price higher towards the 1810-15 level

We're quiet on here as we're not really taking any trades, we're more observers in this market condition as we've seen this many times, it will get traders in with large lots both ways then make the move.

We'll be back for the US session

Approaching our level 1795

We're not selling here

This was published on TradingView and to the members group. We''re looking a bit higher. Apologies someone didn't post it here yesterday.

If you got 1795 from the Daily analysis well done members. Nice Gold trade to be in

Please do give us a like 🙏

Updated Daily levels for your charts

NOTE:

Be extremely careful trading Gold over the sessions to come. We can see some indications of a breakout on its way. Its ranged and accumulated over the week and all the MA's are again starting to converge. The custom volume indicator we use is indicating there are huge orders in this area at the moment.

Our advice to anyone with less than a years trading experience in Gold is to stay out of positions until next week. Tomorrow is the end of the week and the weekly candle close is going to be really important. We're also approaching the end of the month so there will be a lot of institutions looking to come out of positions.

Sometimes its better to let the market settle and do what it needs to, no need to always think you need to hunt for trades, remember cash is also a position in the market. You're better off holding it in your account than losing it because the market has moved against you. We're still sticking with our plan, however, we're not targeting longs into that area. If we get up to around 1810, we'll wait, assess the price action and then if we're satisfied we'll take the trade. As always, we'll share it with you.

KOG

To put it into perspective, the last time we saw the volume indicator flash like this the price moved 2000pips (20,000micro pips) in 1 week. We're not here to just post trade ideas for the sake of it, we're here to teach and to help protect new traders from getting caught in the markets.

The group is growing by the day. We would love to help many more traders with our analysis and trade ideas. You're all welcome to invite others to join the group, benefit from what is shared and trade together with us.

Invite link:
https://t.me/KnightsofGold

Find us on:

Instagram:
https://www.instagram.com/knights_of_gold/

Twitter:
https://twitter.com/KnightsOfGold2

We appreciated all your likes, follows and comments. Give us a follow, share the group and keep up to date with KOG.

https://uk.tradingview.com/chart/XAUUSD/mxbAzqyK-KOG-Report-Daily/

KOG Report has been published on TradingView.

Please do give us a like 🙏