Nice rejection from there now targeting the key level 4455 which needs to hold us to go higher. There is no defence break below at the moment so there is potential for range play between 4455 and 4495 into the close

Another one....

Code: XMAS50

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We're not even around much, the indicators are doing the work for us. Happy with that so far for a boxing day trade

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



KOG

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.

There are mostly good days on the markets, then there are extremely good days, then there are MEGA DAYS on the markets! When you catch that sweet spot, and then get the bounce as well 💥

That's the region we wanted for the retracement which is now complete. Support stands at 4460 with resistance above at the 4430 level

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