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Invite link:
https://t.me/KnightsofGold
Find us on:
Website: JOIN US HERE
www.knightsofgold.co.uk
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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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
USOIL - Anyone in this please protect it
That's the first level for the oil long complete. Pip perfect move from the low. We'll add the new level above with potential for a RIP
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://www.tradingview.com/chart/XAUUSD/P7C2f9cz-XAUUSD-KOG-REPORT/
Target level reached. Key level support stands as per the order region and resistance 65-70
End of day update from us here at KOG:
The move down has given nearly 500pips into the lower support region 1950-45 where we're seeing a temporary bounce. The levels above were mentioned this morning as resistance are good targets for the longs with 1960 initially, 1965 and above that 1973. Not expecting much from Gold now apart from a settled range potentially above 200MA on the hourly. Resistance 70-75 is important to hold with the order region in sight 1930-35
The move down has given nearly 500pips into the lower support region 1950-45 where we're seeing a temporary bounce. The levels above were mentioned this morning as resistance are good targets for the longs with 1960 initially, 1965 and above that 1973. Not expecting much from Gold now apart from a settled range potentially above 200MA on the hourly. Resistance 70-75 is important to hold with the order region in sight 1930-35
End of day update from us here at KOG:
Although we have lower targets this morning is was suggested not to short into the 50-55 region as it looked to be holding strong. We said that Gold will want to do a grab from above so the 70-75 region was a likely target for the long trades. LiTE further confirmed the move giving the long a decent capture. We can now see price playing the MA's on the hourly so this makes the potential range for the remainder of the session 70-75 resistance and 50-55 support. These are important levels now with price needing to break either side to make the bigger move. Above 75 we're likely to test 2000+ and below 50 we have our 30-35 in line.
Good day on the other pairs with USDCHF still active but all others hitting the target including the 2 Gold long trades.
Although we have lower targets this morning is was suggested not to short into the 50-55 region as it looked to be holding strong. We said that Gold will want to do a grab from above so the 70-75 region was a likely target for the long trades. LiTE further confirmed the move giving the long a decent capture. We can now see price playing the MA's on the hourly so this makes the potential range for the remainder of the session 70-75 resistance and 50-55 support. These are important levels now with price needing to break either side to make the bigger move. Above 75 we're likely to test 2000+ and below 50 we have our 30-35 in line.
Good day on the other pairs with USDCHF still active but all others hitting the target including the 2 Gold long trades.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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End of day update from us here at KOG:
Frustrating range unless you're scalping, in which case the up and down movement between the immediate MAs have provided numerous opportunities to scalp. The short from yesterdays grab 70-75 gave a nice return, still holding the long with the stop to entry. Nothing more to really to write home about, a couple of decent trades on the FTSE and NAS, DOW still open as well as Oil. NZDUSD, not liking the structure so out with small profit.
GOLD - Support stands at the 50-55 level which could be due another test and resistance 70-75 which needs to break to go higher. Weekly is bullish, daily is bullish, 4H and 1H, concerning!
Frustrating range unless you're scalping, in which case the up and down movement between the immediate MAs have provided numerous opportunities to scalp. The short from yesterdays grab 70-75 gave a nice return, still holding the long with the stop to entry. Nothing more to really to write home about, a couple of decent trades on the FTSE and NAS, DOW still open as well as Oil. NZDUSD, not liking the structure so out with small profit.
GOLD - Support stands at the 50-55 level which could be due another test and resistance 70-75 which needs to break to go higher. Weekly is bullish, daily is bullish, 4H and 1H, concerning!
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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Yesterdays review. Bullish above
We're done for the month on this group. Wishing you all a great weekend ahead, we'll be back on Sunday with the KOG Report. KOG