Knights of Gold (Gold/FOREX Analysis/Trade ideas)
DXY – 4H We still have our target of around 92.00. It seemed like DXY was going to go for it last week but it created a double top on the 4H timeframe just before NFP on Friday. At the moment its left a double top around 91.60 and a right shoulder that needs…
DXY doing exactly what we anticipated.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
If you're following yesterdays chart, we're approaching the first target.
Gold making its move. We're looking for 1853 initially. Lets see how Gold reacts at that level. Breaking that and we're going higher towards 1870-85. The last time we were up here we didn't hit the 1885 level as we suggested mid-Jan.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
We're not shorting it yet. We want to see the reaction at the 1835 level
Triangle broken. Support now stands at 1835
Gold and DXY are moving as we analysed on Sunday. We're keeping an eye on resistance levels above. We're scalping at the moment, buying from support and looking to sell at resistance. When we get a good setup we'll share it with you all.
PLEASE NOTE: THESE ARE NOT TRADE SIGNALS. WE'RE JUST SHARING WHAT WE'RE SEEING.
This is what we're looking for today. Gold has opened up higher levels by breaching a key resistance. We want to see support around 1830-25 before taking this long trade. We will be targeting 1855 as our first destination and potentially 1865 after that.
This all depends upon successful support below. Breaching 1830 and holding below it will invalidate this idea.
This all depends upon successful support below. Breaching 1830 and holding below it will invalidate this idea.
Looks like we'll be waiting for US and Equities to open for this to make its move.
We're done for the day. Just incase we're not back in time tomorrow before this moves. This is what you're looking for. 1836 breaks, look for 1830 to support, support there and resistance at 1836 its likely forming a H&S and will break the trend down. In this scenario the trade idea we posted earlier is invalid.
If we continue to get support around these levels and break up above 1836, we're likely going to go for the 1855-65 levels as per our trade idea earlier today. The concerning thing is we've left a gap at that level above which makes me think the move a little higher isn't done with yet. They're just shaking out buyers and sellers. Around 1865-75, thats where we're looking to short it.
Hope that helps. See you tomorrow.
As always, trade safe.
Knights of Gold.
If we continue to get support around these levels and break up above 1836, we're likely going to go for the 1855-65 levels as per our trade idea earlier today. The concerning thing is we've left a gap at that level above which makes me think the move a little higher isn't done with yet. They're just shaking out buyers and sellers. Around 1865-75, thats where we're looking to short it.
Hope that helps. See you tomorrow.
As always, trade safe.
Knights of Gold.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
This is what we're looking for today. Gold has opened up higher levels by breaching a key resistance. We want to see support around 1830-25 before taking this long trade. We will be targeting 1855 as our first destination and potentially 1865 after that.…
Trade complete
Dear Members: We're thinking of closing the chat group down as there isn't much participation on there. If its of benefit please let us know, otherwise we'll close it on the week.
This is the chat group, not the main broadcast group.
This is the chat group, not the main broadcast group.
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Close, broadcast is sufficient
Sitting neutral at the moment, waiting for one of the levels to break. Simple chart today, pretty self explanatory.
No positions in Gold at the moment, we're still bears in this market expecting decline at some point. Something tells me there's a spike up towards 1865-85 on the cards. That's the level we're waiting for to test the short.
No positions in Gold at the moment, we're still bears in this market expecting decline at some point. Something tells me there's a spike up towards 1865-85 on the cards. That's the level we're waiting for to test the short.
We can tell gold is going to breakout. If you remember our accumulation chart from a couple of weeks ago, price is doing the same thing. Getting buyers in, stopping them out, getting sellers in and stopping them out.
Tip: In scenarios like this it's about quick captures, 5-15pips and exit the trade. Use the levels we provide on the charts. Until the markets picks it's direction at least.
Tip: In scenarios like this it's about quick captures, 5-15pips and exit the trade. Use the levels we provide on the charts. Until the markets picks it's direction at least.