We have this level here where we would ideally want to scale in short, however, we also have that higher level of 1804-8 which we're looking at closely. This level we feel would represent a good opportunity to short again towards the lower levels.
We'll be back tomorrow before the US session with our trade plan and idea.
As always, trade safe.
KOG
We'll be back tomorrow before the US session with our trade plan and idea.
As always, trade safe.
KOG
5mins until CPi release. Please trade carefully, there will be a lot of volatility in the markets. Especially across USD pairs.
Gold at present. We've bounced from the support level where gold failed to break. Its now trying to break a minor resistance level around here. If it breaks and closes above it is likely it will go to test the recent highs around 1830-35 as we've shown on the chart. Rejection here and 1795-79 is now support.
GOLD:
Resistance: 1810, break above and we have 1814, 1820, 1830 and 1835
Support: 1797-5, break below and we have 1785, 1780, 1772
Resistance: 1810, break above and we have 1814, 1820, 1830 and 1835
Support: 1797-5, break below and we have 1785, 1780, 1772
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Daily: We need to be careful as we suggested earlier in the week. We were looking for the two bearish candles on Monday and Tuesday which we got. Now we want to see if this resists at the 1804-8 level. IF it does, theres a possibility we may see the illustrated…
Keep the daily chart in mind. The smaller TFs are for short term direction. We'll stick with the long term direction unless this breaks above and closes
Trade safe members. See you tomorrow. KOG
Retest of the channel breakout and its bounced. However, not an aggressive bounce so be careful
Support stands here and resistance at 1792-95
Daily close around here and the neckline is broken to the downside
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Update: We're going to take it easy tomorrow as its Friday, we have the Jackson Hole Symposium and we also have a bank holiday coming up. Please be careful with your trades, add the levels, add the trends and make sure you have a risk management strategy…
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Thank you for all the emails in regard to membership. We have already filled our spots so please don't email us in regard to membership. We can't reply to everyone unfortunately so its easier to send a message on here.
We've only recruited twice this year and its likely we won't recruit now until 2022.
Please do look out for future messages about KOG membership on this group.
Hope everyone following had a successful days trading.
KOG
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Members, we haven't been around today. We'll try to publish a end of day report but if we can't we'll see you on Sunday for the weekly KOG Report. Wishing everyone a great weekend and hope you had a successful week.