Breaking 1795-7 and closing above it will lead to those higher prices.

We have NFP tomorrow so unless they move it during the US session we should see some ranging price action

If you’re trading an account size:

Less than £500:
LOT SIZE – 0.01 with a MAX LOT SIZE OF 0.03 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0.01 lot size will give you flexibility when the market goes against you.

£500 – 1000:
LOT SIZE – 0.02-0.03 with a MAX LOT SIZE OF 0.06 AT ANY GIVEN TIME – You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0.02-0.03 lot size will give you flexibility when the market goes against you. Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.03, when you reach 10-15pips take 0.02 in profit and set the stop to entry, let 0.01 run to the target with the trade protected.

£1000 – 1500
LOT SIZE 0.05-0.07 with a MAX LOTS SIZE OF 0.10 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.05, when you reach 10-15pips take 0.03 in profit and set the stop to entry, let 0.02 run to the target with the trade protected.

£2000+
LOT SIZE 0.05 – 0.15 with a MAX LOT SIZE OF 0.17 AT ANY GIVEN TIME - . Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.07, when you reach 10-15pips take 0.05 in profit and set the stop to entry, let 0.02 run to the target with the trade protected.

Too many traders get stopped out and blow accounts because their lot sizes are too bit. A small reversal on the pair and panic sets in because a high percentage of the account is in drawdown. They take the loss and the market ends up going their way in the end. This is not the way to trade! You will make money but ultimately you will face huge losses on your account. The market is designed to play with your emotions and your greed, you need to use this to your advantage. The only way to protect yourself is money and risk management, it’s a fundamental tool and skill required to trade.

Reminder

Members, NFP later today

This is going to be a really interesting one and will cause a lot of volatility in the markets

We're going to try and put together the NFP report in time for it, if we can't please use the levels on the analysis already shared

Its not recommended you trade this unless you have at least 6 months trading experience. Even then smaller lots than usual.

As we always say, the best technique with these events is to let them move the market to where they want to during the release. Once it settles then look for a position

Apologies, a bit late.

Please note, this is only applicable for NFP today, we'll re-assess again on Sunday for the KOG report. Please do give us a like 🙏

This group only works based on your support. Your likes, shares and comments on TradingView and other social media channels are what keeps this channel free. We committed to keeping this channel free and providing in depth Gold Analysis and trade ideas. Please do support the channel where ever and how ever you can. Please do like the posts we publish. 🙏

We would love to help many more traders with our analysis and trade ideas. You're all welcome to invite others to join the group, benefit from what is shared and trade together with us.

Invite link:
https://t.me/KnightsofGold

Find us on:

Instagram:
https://www.instagram.com/knights_of_gold/

Twitter:
https://twitter.com/KnightsOfGold2

We appreciated all your likes, follows and comments. Give us a follow, share the group and keep up to date with KOG.

Telegram
Knights of Gold (Gold/FOREX Analysis/Trading

Telegram
Knights of Gold (Gold/FOREX Analysis/Trade ideas)

We'll be back on Sunday with the KOG report. Wishing you all a great and safe weekend. KOG

The KOG Report has been shared on Tradingview. Please do give us a like 🙏