We're taking it easy on Gold now until FOMC. Small lots tight stop trading the range was enough for today. We'll be back tomorrow with the KOG report specifically focused towards FOMC and what we expect. As usual this will be shared an hour or so before the release. Trade safe, trade well. KOG
15M Range. We should see accumulation and ranging movement up until the US open where we have some news. The main event is FOMC later today so expect there to be volatility in the markets during and after the release. The main movement will come during the press conference where the press will be looking for clues and probing towards growth, tapering and asset purchases.
We'll be back an hour or so before the release with our FOMC analysis and trade idea.
FOMC report has been published. Please do like and support 🙏
We're not trading this release today hence there will be no KOG Report for it.
KOG Report for Gold will be published tomorrow. Above are Oil and Silver levels to keep an eye on. KOG
The KOG Report has been published on TradingView. Please do give us a like and comment 🙏
Gold rejected at the 1820-22 support level as we suggested yesterday. It is however stable now in a 40pip range awaiting a break of either 1826 resistance or 1820 support. We will stick with our original plan where unless this hits 1833-35 first we will look for the long trade from the lower support levels of 1810, 1803 or below that 1797.
If this goes up first we will look for the short trade from the levels of 1833-35 and above that 1845-47. Right now we're in the middle so no trades are active. Please use the charts published for the support and resistance levels and the trend illustrations.
If this goes up first we will look for the short trade from the levels of 1833-35 and above that 1845-47. Right now we're in the middle so no trades are active. Please use the charts published for the support and resistance levels and the trend illustrations.