Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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We trade level to level. Follow at your own risk. Always use a sensible stop loss. Strictly for educational purposes, not trading advice. We are showing you what we analyse and how we trade the markets.
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Simple strategies
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Camelot Friday today. I spend the day with the team as I find it more productive to just concentrate on one group.
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KOG REPORT CHART - Red box traders!
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No break above, RIP, RED BOX TAPPED, HOT SPOT below, too late to target that so I wouldn't even think about it unless in from higher up. See you on Sunday for the KOG Report
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They're withdrawing this next week.
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Too much of a stretch here this session but we hit our lower hot spots and got a bounce. It was only 2-300pips compared to the move but that's not a bad start based on everything lining up. Unfortunately, both defence regions breached, no reversal signs and no confirmation, so we waited lower.

Support is now 4110 which is the level that needs to break while resistance 4290 needs to hold us down to attempt an undercut low. The moves are nasty, there is a big 4H wick being left, and at some point that will need filling. Looking at the Weekly, you can see we've hit the lower hot spot and target area and now we have a potential flip. We'll have to wait for the weekly candle to close to confirm.
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When the time is right, execute. That's more than enough, the rest if gravy
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Support now 4350 needs to hold us to go higher, resistance 4430 if broken above, we should complete the move.
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