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Invite link:
https://t.me/KnightsofGold
Find us on:
Instagram:
https://www.instagram.com/knights_of_gold/
Twitter:
https://twitter.com/KnightsOfGold2
We appreciated all your likes, follows and comments. Give us a follow, share the group and keep up to date with KOG.
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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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Gold price is consolidating within the range of 1843-1853. So far the move into the lower support gave the bounce without an undercut low. Conflicting patterns on the chart suggest the breakout out is on its way so please trade this carefully. If you sold from the top down you should be out! If you bought from the lower support its time to take partials and move the stop to entry to protect it.
Good for scalping but not worth committing to direction. If you're in from the lower support, as we suggested make sure you've taken partial profits and protected the trade. If you took it short on Monday into support you should be out. Tight range, support 1840, resistance 1852.