We're going to try and put something together for Oil and Silver tomorrow and we'll share it here
Wishing you a successful weeks trading ahead. KOG
No pattern is 100% effective. However, we need to make sure we keep this in mind if we're looking to go long from support levels
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Lovely. Take a majority of your short profits here and stops to entry if you're in. Set SLs and TPs before market close
Reminder: Those who followed from Friday, make sure you've protected your shorts from above and taken some profits off the table
Level to level members, enter, exit, take partials, stops to entry etc. They're going to make it difficult to hold trades
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
USOil - We've remained bearish on this. This trade was taken in the Camelot room and hit its target. We have lower targets on this!! If you're trading Oil please trade longs with caution
Forgot to add. There's a gap on this which is likely to get filled.
GOLD - If we go by the KOG Report its following the plan very accurately. Whats concerning us is the shorter term structure on this which is showing more signs of bearishness first rather than going up towards that 1830s region. For that reason as we keep saying, trade it level to level. We got a nice 80pip short yesterday into the support level where it turned and gave a nice long for another 70-90pips if you managed to catch it.
1797 stands as a strong resistance, breaking above this level and its likely we will test the 1804-6 level and we will see a reaction there. We have news tomorrow and its the last trading day before the Xmas break so its very likely there will be some action in the coming sessions.
1797 stands as a strong resistance, breaking above this level and its likely we will test the 1804-6 level and we will see a reaction there. We have news tomorrow and its the last trading day before the Xmas break so its very likely there will be some action in the coming sessions.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
GOLD - If we go by the KOG Report its following the plan very accurately. Whats concerning us is the shorter term structure on this which is showing more signs of bearishness first rather than going up towards that 1830s region. For that reason as we keep…
2HR - Yesterdays pattern is still active. As you can see its fighting the 1797 resistance level, what we want to see is if it breaks temporarily and targets 1802-4 which is the trend resistance to keep this pattern valid. This pattern is invalidated on a break and close above 1804-6
The above gives you the short term levels to plot on your charts. If you add these to the range chart we've shared here you have some levels to play in between