Pure accumulation day today so not much we can do apart from follow the 15min boxes and scalp the levels for short term captures. We have to have days like this so markets can set the tone for the next move, in order to do that they'll need more traders in one region, hence the range. It did look like a breakout, but it was a false one, so we're still in the same spot as earlier. Not much more to report on

Evening thought:

I get a lot of messages, thankfully most are great and appreciative, and really, it means a lot. Sometimes I get messages from people who are in dire straits, and honestly it breaks my heart, it makes me question this industry and what it's become. It puts a lump in my throat when they tell me about their family situation, the money they've lost, how they feel and beg for help. Most always ask me for the same thing, "Please give me your signals" or, "Please manage my account and I will split it with you".

I really don't know what to say and I don't know how to reply. I can only tell you from my own experience that spans nearly a decade, that the only way you're going to make it in this industry is TO LEARN HOW TO TRADE! We can guide you, you can follow us, we can give you the tools and everything that goes with it, but it all comes down to you. 90% of you are jumping from group to group, signal to signal then calling yourself traders. Sorry guys, you need to wake up, it's not going happen.

Please, don't be the sheep that get slaughtered, the only way is to learn to become the shepherd.

KOG

Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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Knights of Gold (Gold/FOREX Analysis/Trade ideas



KOG

Not much more to do here or any change from yesterdays report. Defence below hasn't been attacked again so protected and managed from below, with resistance here and support at the 4160 level. Key level for today 4140 which needs to break to go lower!

That's our 1st one completed

Need some more volume to get this over the line!!

Small range now on Gold so we'll sit on the side lines until we get a breakout. No point getting stuck trying to scalp in the range. Nothing really to report on. Key level resistance 4165 support 4145