Please do give us a like and follow 🙏

Its very brief today as not much has changed from last weeks analyses. As usual we'll wait for the market to open and Excalibur to give us an indication of whats to come.

See you all tomorrow. KOG

XAUUSD Update:

Didn't reach the higher levels we wanted but its followed the path and come down towards the support 1795-98. Excalibur indicated the move earlier but we missed it along with KOG members. We ideally want to see this level break forcefully or its very likely it will hold.

Don't forget its FOMC on Wednesday.

We're taking it easy on Gold during the first half of this week as we don't' want traders to get caught in this up and down chop that we're seeing. Its also FOMC tomorrow so expect some more of this until the market makes its move during and after the release.

We have two scenarios on Gold .

Scenario 1:

If the price comes down to find support around the 1790 level we want to test the long trade towards the 1808-10 levels then potentially look to short it again for lower pricing

Scenario 2:

If the price goes up towards the 1808-10 levels we want to short the market for the lower levels, first 1790 and below that 1775.

If you're trading we would suggest you trade smaller lots than you usually would so the market doesn't make you uncomfortable if it goes against you. Always use a stop loss and have a risk management strategy in place before you place the trade. We've been sitting in this consolidation for a while now so its only a matter of time before this range is broken out of.

Its done the down, the up and now the down. We won't be buying if it goes to 1790 this time. If we miss a trade we miss it but its not worth taking the risk.

FOMC today. Please trade safely. We'll be back later today with our usual FOMC analyses and trade idea.

Gold! This is our plan for FOMC and what we're looking for. We would ideally like to see the price go up first towards the 1810-14 levels and find resistance. At this price point we would like to test the short trade for lower down towards 1790 and potentially lower.

IF however, Gold moves down first its likely it will find support around the 1790-85 level and then come back up. We're not interested in the long trade rather the short if we get it.

This analyses is only applicable for FOMC.

Its recommended that if you have less than 6 months trading experience you don't get involved in trading releases like this. If you do trade, its advisable to trade a smaller lot than you usually would and make sure you have a risk strategy in place.

As always, trade safe.

KOG

FOMC - Has probably already been priced in. The market will be waiting for the press conference at 19:30 and looking for clues.

This trade has hit it's published SL...we're still in it unless it breaks 1820 where we'll then analyse it again

Our plan for yesterday didn't quite work out as we were stopped out on the short we published for FOMC. We're looking again for a one more shot at the short, its very bullish and we've broken above the 1820 level but we can see some resistance above that may prove to be strong.

As we said, this is our last shot at the short trade as breaking and holding above this level will mean more bullish movement for Gold in the coming sessions. We're not looking for a big capture, possibly down towards the 1810-1805 levels.

We've had a good month at KOG in July so our risk is very small and the stop is tight.

Update on the Gold position we have open at the moment. We're looking for this to come down towards the 1823-2- levels where we'll take 70% of the position and move the stop to entry. We'll still with the stop loss where it is. If this breaks above that 1835 level then its likely we're going to see some more bullish movement in Gold targeting 1840 first, 1855 and then 1862.

Its the last trading day of the month so there is likely to be a lot of movement during and after the US session as traders will want to come out of positions for month end. Please trade safe and protect your trades. We're not entering anymore positions until next week on Gold or Silver.

70% taken stop to entry. Now it can do what it wants.

Nice end to the month. Wishing everyone a great weekend. KOG

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. Even though we have paid members and the KOG community we've stuck to our word and commitment to traders by maintaining this free group and sharing the gold analyses for free.

Many members who have been here from the beginning, will have seen how effective the analysis is in positioning them in the right direction, without getting caught on Gold.

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