Trade carefully members. If you're in long from below then make sure you take partials and protect the trade. Wait for support levels to hold if you're think of going long again. This really isn't the right place to go long as we could see lower support break and target 1735 levels. Use our levels which are shared and make sure you're trading smaller than usual lots sizes with a risk management plan in place.

Just as we thought yesterday, Gold declined towards that 1740-45 level to gather enough momentum to come back up and break the 1750 price point and close above it. Today we would look for a similar scenario, it looks like the price is starting to exhaust around this level so a potential move back down towards 1750-45 could be on the cards. Holding above this level would most likely lead the price to gain more momentum to go further up towards the 1770 target that we have.

As always, trade safe.

KOG

Taking another 20% here, only leaving 10% running on this. Target hit

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Thats us done for the week. Hope everyone got benefit from the analysis and ideas shared. We'll be back on Sunday with the week ahead KOG Report. Wishing all our members a great weekend.

KOG

https://uk.tradingview.com/chart/XAUUSD/5DsqrT8u-XAUUSD-KOG-REPORT/

KOG REPORT has been published on TradingView. Please do give us a like 🙏

Wishing everyone a successful weeks trading ahead. We'll be back tomorrow with our analysis and trade ideas.

KOG

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KOG

EURUSD - Anyone trading this. Nice and simple chart. Tested the lower supply, rejected, its within a small trend, breaking up and its Bullish!!

XAUUSD -

Gold is moving as we suggested in our Daily KOG report. We're now at a point where going long is very risky. We have identified some short term turning points on Gold where we would expect a reversal to come down and test lower support levels.

1797 is the first level we would look for resistance to form and above that 1808-10 where if we do see more bullish momentum we should face some resistance.

We're only looking for shorts now unless the price breaks above the 1830 level and closes. Until then we feel there is a more room for Gold to go lower.

Trade this safely traders. We're trying to keep you in the right way but you can see how its moving. There's more to come. Strict money management, strict risk management, be strict with your lot sizes. There is more of this choppy price action to come with all the news coming out over the coming days.

We'll be back tomorrow. Well done anyone who caught it short. Probably a good idea to protect your trade.

As usual we'll publish our FOMC trade analyses and idea about an hour before the release.

FOMC overview. Please do hit the like button.

Its advisable to sit this one out. If you do trade it please make sure you have a risk strategy in place and use a smaller lot size