Support on Gold 3630-5 with resistance 3665.

Camelot Friday today. We've had another phenomenal week of capture and targets complete. It's Friday, please take your foot off the peddle now and prepare for next week. Triple Witching day today as well, so expect some volatility late session.

Wishing you all a great weekend and thank you for following. Please do take some time to go through the ideas on Tradingview and hit the boost button.

KOG

Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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Many of us sit and wait for the perfect entry, I can tell you, unless you're scalping, this hardly ever happens. The key to get an entry is identifying your target region first! Once you have identified that target region, then start looking not for a precise entry, but a region or a zone you want to be testing your entry in. The skill is not getting in too early, and if you get in too late, you're usually going to be the wrong side of the market. So, use the bias and the red boxes, bullish/bearish above/below. Most new traders struggle with basic support and resistance or identifying zones; hence they’ll usually enter the market at the wrong time and place. This is where red boxes are really helpful, you can use them to identify key regions if you’re scalping or use the higher or lower ones for day trading and managing trades in-between.

KOG’s Red box and Knights indicators are part of our strategy and are added to our targets to further fine tune our entries and exits. We also use them combined with our hotspots and Excalibur/LiTE targets to keep us in the right direction of the markets, allowing us to trade between the levels, scalp in ranges or in low volume periods as well as identify possible turning points on the pair we’re trading.

Red boxes this morning

We wanted that level for a swing short but as you can see we only managed a potential trade into the 3712-10 level which is what the red box indicator was saying needed to break to go lower. Now we're above 3730 with the liquidity indicators suggesting a higher high in progress before a potential RIP. Let's monitor the level above and see what happens!

We're too high now to go long with the stretch in play and 20MA way down below untouched all day.

New and less experienced traders, you're in unchartered territory here as many of you don't trade with SL's or 100pip plus SL's. Layering against the move is a bad idea, you should only layer in to winning trades, not losing ones!

I missed the move:

Are you sitting there thinking you missed the move? As a trader it doesn't matter where the price goes or what it does. We need to have the discipline and a set of rules that we stick to like we're robots. We trade the day, we make the most of it and we take what we can. Whether it goes up, goes down, it doesn't matter, you're here to trade it within the parameters of your trading system and strategy, then get out and enjoy the rest of your day.

Education and analysis is so important. We have to learn the behaviour of the market makers, the price action and the structure of the chart. I need you guys to remember this, "the market will always give you an opportunity, either to get in, or to get out". Levels don't lie, price needs to create structure and fill voids, it needs to test price points almost to see if it likes it or not.