Thats us done for the day. Back tomorrow

Shared with KOG members this afternoon. The power of Excalibur. See you all tomorrow and wishing everyone a successful trading week ahead

XAUUSD 15M - Update:

After yesterdays move in gold its looking like its taking a bit of a rest before its next move. We managed to get in for a good long opportunity yesterday of which we have taken a lot of the profit out of the trade. We've protected it with the stop moved to entry, however, we're not ruling out one more spike down towards that 1795 level which is represented on the chart as the 15M key level. We know how gold likes to shake out both buyers and sellers so lets expect some more volatility to come later.

The 4H and daily both suggest bullishness in the coming sessions so we'll leave the trade we have in for now. The arrows on the chart illustrate the potential move we're looking at.

Support:

1805
1801
1795
1790

Resistance:

1810-12
1817/8
1826
1836

As always, trade safe. We'll be back later if we identify a good entry point, whether that be a long or short.

KOG

Members. A lot going on this week so lets make sure we try to stay ahead of the markets. Use the Daily levels we've published with the analysis and the updates. Try to trade smaller than usual this week as there will be a lot of movement on these releases.

KOG! 💥

Another 120pip move from the low today.

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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.

When everyone else was saying DXY was going down, KOG said up.

Daily:

Right members. We need to break above 1812 and hold for this to go higher. We're approaching our levels above where we want to short this. Lets keep an eye on the charts and the levels. We're not taking any more long trades up here. We'll share as soon as we identify the structure

KOG Members, there aren't many Analysts or Traders on social media who openly manifest their Gold Analyses like us. We publicly showcase how we trade, and how we analyse the charts level to level. All the Gold analyses is free.

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Please do us a favour, share the group with likeminded traders and support us on social media. We want to help as many new traders as we can.

KOG

XAUUSD - Update:

We're still holding a small long from below. We've taken most of the profit out of the trade and left the stop to entry. If it goes higher we'll still have a small position in play. We're now looking for a good opportunity to take a short as per our analysis during the last week or so. We'll share the chart as soon as we identify the short

We're going to test the first short around here with a stop in place. We're only using a small lot as we still have the long running to cover us from below. Its a risky trade as momentum is strong but it was part of our plan to short here.

Taking some partials here and stop to entry

Protect your trade members. Like we said, we've take partial profits and moved the stop to entry. Now we don't need to worry

Nice 60pip short. A remainder of the Long is still running with the stop to entry

All done for the day. See you tomorrow

We've had a good week on Gold this week, what we don't want to do now it tempt fate and give back what we've taken pips. This week we've sold it down, bought it up and then sold it again yesterday. Today is a day we will monitor the price action and if we are to take any positions they will be very small lots. As long as the price stays below the 1850-60 level we will remain with our bearish outlook on Gold .

We have two scenarios today for potential movement in gold:

Scenario 1:

If this pulls back towards the 1820-25 level first then its most likely we're looking at the price moving upwards towards the 1840-45+ levels first.

Scenario 2:

If this goes up first towards the 1840-45 levels then its likely it will find some resistance around that level and then pullback in the later in the US session