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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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Lovely
I don't think we'll get much from FOMC later. Even if we did, this is enough for the week
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With the amount of volume being generated this week I mentioned in the KOG Report I would expect an undercut low yesterday, what confirmed that was the PA and the algo which kept activating short and gave us a target lower which is now hit. I would like to see this breach the defence for now, and potentially give the retracement needed by bulls to cover or get some reward. Lower levels are 4490, 4480-75 and 4460.

With the liquidity indicator now near the low, I would anticipate a RIP from one of these levels. The cross will confirm, for now, no more shorting.
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From a well known broker. It's an idea to have a couple of brokers at hand, just in case one doesn't play ball or doesn't give you the service you need.
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Number 1: DOW
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Number 2: EURUSD πŸ‘
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Number 3: AUDUSD πŸ‘
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Waiting for GOLD
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Number 4: DXY πŸ‘
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Camelot Friday! When the stars align
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