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End of day update from us here at KOG:
A nice move on Gold completing the two Excalibur targets we identified on Sunday. As suggested, if you can leave a runner with an open TP on it and stop to entry, let's play the game the way we see it, up and down the KOG way. We now have immediate resistance around the 1960-65 level which should provide the retracement needed on the move but that level is key! Pre-event price action is in full effect so expect this to start the range in preparation for tomorrow's FOMC.
GOLD, AUDUSD, Oil, GJ, AUDJPY all ran nice and clean giving a huge pip capture for the day, so well done team on a great performance. Let's take it easy now and await what tomorrow brings with it. Will share the complete market analysis tomorrow across our main trading instruments so probably no morning review tomorrow.
A nice move on Gold completing the two Excalibur targets we identified on Sunday. As suggested, if you can leave a runner with an open TP on it and stop to entry, let's play the game the way we see it, up and down the KOG way. We now have immediate resistance around the 1960-65 level which should provide the retracement needed on the move but that level is key! Pre-event price action is in full effect so expect this to start the range in preparation for tomorrow's FOMC.
GOLD, AUDUSD, Oil, GJ, AUDJPY all ran nice and clean giving a huge pip capture for the day, so well done team on a great performance. Let's take it easy now and await what tomorrow brings with it. Will share the complete market analysis tomorrow across our main trading instruments so probably no morning review tomorrow.
KOG Report for FOMC -
We've had a decent run from above this week so won't be doing anything unless we hit the key levels, otherwise we'll look to hunt for the trade on an intra-day basis tomorrow. Please do support the channel by hitting the like button 🙏
We've had a decent run from above this week so won't be doing anything unless we hit the key levels, otherwise we'll look to hunt for the trade on an intra-day basis tomorrow. Please do support the channel by hitting the like button 🙏
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://www.tradingview.com/chart/XAUUSD/G5fxiEvz-XAUUSD-KOG-REPORT-FOMC/
If you're in, partials, protect
End of day update from us here at KOG:
In the KOG Report on Sunday we gave the short idea and identified the order region we wanted price to ideally visit before we see a RIP and either break through or get the move to the upside. For yesterdays FOMC analysis we saw the pattern test that we wanted price to go up to before again another reaction in price from the low which gave us another 200pips before we said we were not happy with the 4h setup, so to protect and take partials. This whole move has been calculated and analysed if you look at the KOG Report, the FOMC Report and then add KOG's morning reviews and analysis, and the icing on the cake, Excalibur.
We now stand attacking the 2000 price point which is also 4h resistance level. The long we took earlier has given a superb return, so if you're still holding leave a portion protected for higher pricing. We would like to see this try to pullback with the first level of support being the 1985-80 level and below that the level of 1970-65. We still have a higher Excalibur target which is active and we didn't take due to the structure, this level is possible for tomorrow so lets keep an eye on those support region, unless they complete the move late session.
In the KOG Report on Sunday we gave the short idea and identified the order region we wanted price to ideally visit before we see a RIP and either break through or get the move to the upside. For yesterdays FOMC analysis we saw the pattern test that we wanted price to go up to before again another reaction in price from the low which gave us another 200pips before we said we were not happy with the 4h setup, so to protect and take partials. This whole move has been calculated and analysed if you look at the KOG Report, the FOMC Report and then add KOG's morning reviews and analysis, and the icing on the cake, Excalibur.
We now stand attacking the 2000 price point which is also 4h resistance level. The long we took earlier has given a superb return, so if you're still holding leave a portion protected for higher pricing. We would like to see this try to pullback with the first level of support being the 1985-80 level and below that the level of 1970-65. We still have a higher Excalibur target which is active and we didn't take due to the structure, this level is possible for tomorrow so lets keep an eye on those support region, unless they complete the move late session.
Please do support the channel by hitting the like button 🙏
We're done for the week. Wish you all a great weekend and we'll see you on Sunday for the KOG Report