Updated Support and Resistance levels for your charts.

We've broken the symmetrical triangle to the downside so now we're looking for the price to find some form of support below. The levels are on the chart and have been published above, please add these to your charts. If this breaks support below which has been highlighted in the analysis then this is likely to continue downwards to lower support levels. Again, if that happens it looks like it will be a fast bearish move.

Please refer to the messages above, we can't stress how important it is to protect yourself in market conditions like this. Use a risk management strategy and control your lot sizes.

XAUUSD 4H -

We're still going to stick with our plan. We wanted to see this break one way and then go the other. If it does find support we're not going long, rather looking for the resistance levels that we've published to look for the short entry.

XAUUSD - Daily

This is current price on the Daily. You can see its following the course that we had analysed on Sunday. If you add the 4H analysis to this you'll get a further breakdown of what we're looking at.

Everything is published above, you just need to piece it together.

KOG

XAUUSD - Daily Update:

KOG members. This is an update on the daily chart we have been following for the last few months. Please have a look back at our analysis on this channel for more clarification.

As you can see we have slightly broken out of the consolidation, however, we're bouncing in and out of a supply zone on the daily. In order for this to go further down we need to break this support and it needs to turn into resistance. This will also then form a complete H&S on the daily which will force the price lower towards the 1700 levels on Gold. Right now we think the price is likely to test the low support again and then potentially retrace back up towards the 1770-80 levels before settling for NFP on Friday.

We'll publish our NFP analysis on Friday as we will be screening all pairs looking for clues as to which way it will go.

As we've mentioned numerous times on this group. If you have less than 1 years experience trading Gold then its a good idea to sit this out until next week.

Gold is still within the range we've been in since last week, the correction of the breakout we saw earlier in the week has also been corrected now.

So what can we expect? It would make sense for Gold to range here until tomorrows NFP, all MA's are again starting to converge so a small correction later in the US session would be logical. Right now on the hourly its forming a small H&S pattern so breaking that 1785 support should take the price back down towards the 1770-65 level before settling again. We have an Excalibur target below, however, we're going to sit out until tomorrow now and analyse the markets looking for clues as to which direction we're going in tomorrow. What is throwing us off a bit is that it looks like its coming back to retest the breakout of the triangle, which if it does will mean the H&S has failed. This is typical behavior of Gold pre news release, you'll find choppy price action and patterns within patterns all contradicting each other.

We're still playing short on this

Members, there are a couple of scenarios here.

1) H&S on the hourly
2) Retest of the triangle breakout

This support level here at 1774 is important for todays move. If it breaks look for the lower level of 1770-65 for the next support. If it supports then this won't complete the H&S on the hourly and is likely to go and test the breakout above.

Its NFP tomorrow, unless there is a move during the US session expect this to range with the levels of 1785-1765 for today.

As always, trade safe. Don't over do it on your lot sizes, use a proper risk strategy and Stop loss. Not really the market condition to be trying to catch the top or the bottom.

These are the hourly levels, please add them to your charts.

Please do give us a like. We'll be busy now analysing the markets for tomorrows NFP. As usual we'll share everything along with our trade plan for the release tomorrow. 🙏

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.

We're back tomorrow for NFP. Wishing you all a good evening. KOG

https://uk.tradingview.com/chart/XAUUSD/LJt6rYIX-XAUUSD-1H-Levels-NFP/

NFP Analysis has been published on TradingView.

Please note: This analysis and trade idea is only applicable for today.

Going just as planned so far

BOOM! We'll be back on Sunday for the KOG report. Wishing everyone following a great weekend and successful journey.

KOG membership is live. If you want to know more please get in touch through the usual means.

KOG

[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.

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.

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

Daily Support and Resistance levels for your charts.

1772 is key level support.