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
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
TradingView
XAUUSD - KOG REPORT! for FX:XAUUSD by KnightsofGold
In last weeks KOG report we said we were expecting more selling on open but we were looking for support to form below. What we didn’t expect was the complete flush on the longs breaking that 1730 level before the quick recovery. Any pending longs placed…
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KOG membership will also be open for the month of September 2021. Anyone interested in joining the team, please send us a message for further details.
KOG
KOG membership will also be open for the month of September 2021. Anyone interested in joining the team, please send us a message for further details.
KOG
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.
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.
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
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
We've tried to break the 1H down as much as possible without making it look messy. You can see the range we're playing in, ideal for scalping, however, if you're looking for a swing trade its probably not the best of ideas. We have a small declining trend line creating lower highs and also an inclining trend line which on the 15M chart is forming a possible symmetrical triangle. As we said, the only way to trade it is either to scalp the support and resistance levels as well as the trend, or wait for the break out and then get in for the move.
What we would expect is for this to break one way and get buyers or sellers in and then do the opposite to make its move. Breaking above resistance and its likely we'll see the 1810, 1825 levels. Breaking below and we'll likely see the 1760 and 1740 levels below that.
We're sitting neutral at the moment as the markets across most pairs are looking like there is something on the horizon.
We've added the 15M chart below so you can see the smaller time frame symmetrical triangle.
What we would expect is for this to break one way and get buyers or sellers in and then do the opposite to make its move. Breaking above resistance and its likely we'll see the 1810, 1825 levels. Breaking below and we'll likely see the 1760 and 1740 levels below that.
We're sitting neutral at the moment as the markets across most pairs are looking like there is something on the horizon.
We've added the 15M chart below so you can see the smaller time frame symmetrical triangle.
Dear members. KOG report has been shared on TradingView. Please do give us a like 🙏
We'll be back tomorrow with our trading plan and trade ideas.
Stay safe this week, a lot of high impact news all week especially with the Jackson Hole Symposium as well. The ranging and consolidation won't last, expect Gold to make a move.
Use the levels, use the charts and trade safely.
See you tomorrow.
KOG
Stay safe this week, a lot of high impact news all week especially with the Jackson Hole Symposium as well. The ranging and consolidation won't last, expect Gold to make a move.
Use the levels, use the charts and trade safely.
See you tomorrow.
KOG