Yesterday was a quiet yet successful day using the indicators in the range for a few decent scalps, hence not much action here. We added those hot spots on Monday and wanted price to drawn into them which as you can see has worked well. We had a target above which is now complete so going long here for us is not an option unless we activate higher and then pull back. We're also very close to the defence box where the move can get a RIP.

Key levels today are 4650 resistance and 4620 support. I would have expected a bit more of a breakout after a two day accumulation but it looks like Gold is waiting for some news to come out before making another aggressive move, so stay on your toes and control your greed.

Sometimes I scan a bit of telegram and some of the crap I see is shocking. Signals that make no sense, stop losses where I would be placing my trades, people moving to break even after 10pips and calling it TP1, it's shocking.

Please, learn to stand on your own feet and master the craft.

TIP:

That's why you get entries like that!

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