Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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We trade level to level. Follow at your own risk. Always use a sensible stop loss. Strictly for educational purposes, not trading advice. We are showing you what we analyse and how we trade the markets.
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The above is applicable for tonight and tomorrow.
KOG Report level has been reached but our 1785 target hasn't as yet. We're not going to worry too much now about the 1833 unless we again break and close above 1806 on the daily
We'll continue level to level
XAUUSD –
Date: 07/01/21

Support:
1785/1777/1767/1760/1757

Resistance:
1797/1804/1806/1810-12

KOGs Bias for the day:
Negative if we close below 1797 with targets below 1785 and 1770

Positive above 1800 with targets being 1810, 1812

Potential for:
We’re expecting this to push up at some point and target that 1797 level. We have NFP today so its very likely they will move the market. The ideal scenario here is they push the price up towards that 1808 level and we see resistance there before continuing the decline.
NFP KOG Report has been published on TradingView. Please do hit the like button 🙏
Remember, the trade usually comes after the event, best to let them manipulate it how they want, once it settles and the volume decreases thats when you pick your position to get in.
1785 Excalibur target complete. Lets see if we challenge the upside. Protect any longs from that support
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We're done for the week. See you on Sunday for the KOG report
1797 achieved as per above. Reducing exposure here
Please do hit the like button on our posts. Have a good weekend 🙏
You'll have to zoom out of the chart to get a clearer view of the information on there.

Its a bit of education with a bit of analysis but we hope you find it useful. Try to back test ranges and breakouts, its a good skill to have in your toolbox.
Please do hit the like button 🙏