The movement looks big because they've got us used to the range. It's around 150pip top to here so don't let they play with your emotions.

When they want to move it they will really move it

Snap shot from the Camelot Room - Silver - Excalibur is hitting the levels nicely

There you go. Be patient, they'll keep playing until they get you stuck

Keep it safe, control your lot sizes and move with them. Don't wait for levels, in ranging markets they will take you close but move it away just as quickly

Use the finer levels on the charts, we've published the SnR levels here

The higher levels are now open as we suggested in the KOG report. We want the price to close the daily below the 1795-7 level to remain with our bearish bias on this. We're expecting the seasonal move on Gold over the coming weeks however we don't think this is the start of it just yet. We're still in the range so and the breakouts are not extreme. As we've said above, when they want to move it they will move it fast. Trade it small, trade it safe, trade the range and stick to your risk strategy.

For newbie traders. Stay out of these markets, cash is a position in the markets too and a strategy. We're expecting a breakout but they might keep accumulating until FOMC next week. Use this time to practice, learn and improve your charting techniques.

We will try our very best to publish the KOG Report this Sunday. Please do give us a like and comment on our posts. Wish you a great weekend, KOG.

The KOG Report has been published on TradingView. Please do give us a like and comment 🙏

To add:

If you're new to trading take a time out. Wait for levels to break and then either turn into support or resistance. Use this time to practice your trading and learn as much as possible, wait patiently for the extreme high or the extreme low to get into the market.

Here's a quick tip:

When the price is in a ranging market look for data of when the price was last in its range. Example above shows we had the range, a breakout above and then a break back inside the range. Draw a box around the range and then identify the buy area and the sell area. This stops you from trading in the middle of the range and getting chopped up by the market. Always wait for the lower levels to buy and the higher levels to sell. If either level breaks, wait for the support or resistance to turn into support or resistance. This gives you an indication of potential further movement in the direction of the breakout.

With the range you will find trends and smaller support and resistance levels. Use these level to take profits, enter or exit for scalping short term. This strategy makes sure you don't get caught trading in the middle having to hold trades in drawdown.

Use the above as an example for future ranging markets. We can still apply this method now but we feel we're nearing the end of the range and a breakout is imminent.

Reminder of lot sizes

Reminder:

We've broken through the first long level on the KOG report. Looks like it wants that lower level

Never a good idea to try and trade against the momentum