Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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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.
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Support stands at the 3475 level which gave us another bounce, while resistance is holding 3485. Slight stretch again possible into 3490-95, but that's the level that needs to hold for us to see further downside.
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Done for the day
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Thats the level we wanted for the long which is complete. There is a slight RIP from there with resistance 3540 and support now the 3530 level
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Not looking for 3510 for now unless we get a red box indication
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Yesterday we didn't have time to put together a report but we mentioned we wouldn't be looking for that lower level unless there was a red box indication. We managed to completed all the bullish targets thankfully price continued higher with no indication of a reversal until early session today, when we tapped that lower target region and bounced.
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Support now stands at 3530 with resistance 3555 which need to break. Potential here for ranging and after the NY session we should see price settle for pre-event price action.
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