Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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
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
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.
Forwarded from Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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.
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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.
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.
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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://uk.tradingview.com/chart/XAUUSD/mxbAzqyK-KOG-Report-Daily/
KOG Report has been published on TradingView.
Please do give us a like 🙏
KOG Report has been published on TradingView.
Please do give us a like 🙏
TradingView
KOG Report - Daily for OANDA:XAUUSD by KnightsofGold
KOG Troops. Last week we said we would be looking for this to find a bottom and then we will be targeting that 1790-95 level. That worked out well for us and the members of the group, we managed to trade it up, wait for it to settle again and then long…
XAUUSD -4H
This week we're also going to share the 4H chart we've been monitoring during this consolidation. We've taught members on this group before about symmetrical triangles and how they're known to give false signals.
IF this is a symmetrical triangle on the 4H we need to keep a close eye on it and look for the breakout. Its likely that if this breaks to the upside that will be the false breakout, it should give us our 1810 level for a short. If this breaks to the downside first then we'll look for the lower levels to find support to take a long. We won't know until the market opens and the price finds its feet, we're sharing it with you so you can add it to your charts and also keep an eye on this pattern.
We'll wait for Excalibur to give us an indication tomorrow and share it with you all once we have confirmation.
This week we're also going to share the 4H chart we've been monitoring during this consolidation. We've taught members on this group before about symmetrical triangles and how they're known to give false signals.
IF this is a symmetrical triangle on the 4H we need to keep a close eye on it and look for the breakout. Its likely that if this breaks to the upside that will be the false breakout, it should give us our 1810 level for a short. If this breaks to the downside first then we'll look for the lower levels to find support to take a long. We won't know until the market opens and the price finds its feet, we're sharing it with you so you can add it to your charts and also keep an eye on this pattern.
We'll wait for Excalibur to give us an indication tomorrow and share it with you all once we have confirmation.
Economic Calendar:
Friday is very important. This event will most likely dictate the next short term trend Gold will start. After such an accumulation expect the breakout to be a big one. If the market gets any clues to the numbers before hand it will get priced in from Wednesday onwards, so keep on your toes members.
THIS IS NOT THE MARKET CONDITION TO TRADE LARGE LOT SIZES AND HUGE STOP LOSSES. MANAGE YOUR TRADES AND KEEP THEM SMALL SO IF THE MARKET MOVES AGAINST YOU THEY'RE MANAGEABLE AND WON'T STRESS YOU AS A TRADER.
Accumulation and ranging markets are designed to catch new traders out as they will spike the price both ways to trigger stops and orders. Trading smaller lots in these scenarios enables us to think about the trade and not make harsh decisions based on emotion.
Friday is very important. This event will most likely dictate the next short term trend Gold will start. After such an accumulation expect the breakout to be a big one. If the market gets any clues to the numbers before hand it will get priced in from Wednesday onwards, so keep on your toes members.
THIS IS NOT THE MARKET CONDITION TO TRADE LARGE LOT SIZES AND HUGE STOP LOSSES. MANAGE YOUR TRADES AND KEEP THEM SMALL SO IF THE MARKET MOVES AGAINST YOU THEY'RE MANAGEABLE AND WON'T STRESS YOU AS A TRADER.
Accumulation and ranging markets are designed to catch new traders out as they will spike the price both ways to trigger stops and orders. Trading smaller lots in these scenarios enables us to think about the trade and not make harsh decisions based on emotion.
Forwarded from Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
XAUUSD -4H This week we're also going to share the 4H chart we've been monitoring during this consolidation. We've taught members on this group before about symmetrical triangles and how they're known to give false signals. IF this is a symmetrical triangle…
TradingView
XAUUSD 4H Triangle for OANDA:XAUUSD by KnightsofGold
This week we're also going to share the 4H chart we've been monitoring during this consolidation. We've taught members on this group before about symmetrical triangles and how they're known to give false signals.
IF this is a symmetrical triangle on the…
IF this is a symmetrical triangle on the…
Its not much different from what was published here yesterday in regards to the 4H chart. Just a brief update. We're still within the triangle and what could be a H&S forming on the daily. So lets be patient and wait for this to breakout