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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XAUUSD:
Date: 11/01/22

Support:
1804/1800/1797/1795/1785

Resistance:
1810/1814/1820/1824

KOG Bias for the day:
Bullish above 1797-1800 with targets being 1814 and above that 1820

Bearish below 1800 with targets being 1797, 1785 and below that 1777

Summary:
We’ve broken above the 1804-6 level so this region may play as support now with targets above. Price has achieved our KOG levels of 1797 and 1804. We have a Powell speech today which will likely move the market later in the US session.
Protect your trades, take some profits
Thats 1814 completed members
Stops to entry, majority of profits taken. Now we'll look for resistance
Quick update on what to look for for the remainder of the session. We'll be back tomorrow 🙏
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Photo
Gold - Something to keep an eye on as well. This is the 4H chart, we had a 1H Excalibur target which was too close to publish but its been hit. There are going to be a lot of sellers here so expect a SL hunter. Break above this trend line and if it turns into support, this is likely going for our 1833 target
XAUUSD:
Date: 12/01/22

Support:
1814/1810/1808/1805/1800/1797

Resistance:
1820/1824/1827/1830/1835

KOGs Bias for the day:
Bullish above 1808-5 with targets of 1820, 1824 and above that 1827

Bearish below 1805 with targets being 1797 and below that 1785
Always remember trendlines are subjective, they can never be exact. We use them for guidance but many traders will draw them differently.

We have a KOG way of drawing trendlines which are a little more exact that we use together with Excalibur.