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.
Extreme movement on Gold today throwing a lot of traders off. We've seen how the DXY, UJ, Gold and Silver all detached the correlations and moved in the same direction. This isn't the market condition to be trading with big lots sizes trying to catch the moves. Trade small and protect yourself, smaller lots sizes and lots sizes that are relative to your account size will protect you against moves like this. They will allow you to hold positions and not panic at a reversal.