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)
Photo
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)
Photo
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
Members Notice:
We came here on Telegram and TradingView as we wanted to help as many new traders as possible, show them the beauty of trading and the passion we have for the markets. We wanted to teach from experience in markets and our knowledge of charting and techniques. We hope traders have seen that with good money management and the right guidance you can be successful in the markets and be kept in the right direction.
Our mission was to protect new traders from the sharks and scammers out there and show them that learning along the way is the only way to get ahead. We also wanted to showcase our analysis, trading style and chart work with a wider audience, we hope we have done all the above and helped wherever we could.
We maintained from the start that this group will be free for all, and we’ve kept our promise. We’ve provided a KOG report every Sunday and regular in-depth analysis during the week, every week. Even though our work and structure has been copied, sold, stolen, and used on other platforms we still share in appreciation of your support, following and commitment to new traders.
Camelot was never the plan, but in order to maintain the exclusivity of our work we had no choice but to create a private group which has now positively allowed us to spend more time giving even more in-depth analysis not only on Gold and Silver, but Oil, BTC, US30, NAS100 and DAX to name a few. We never imagined we would have such a reception and grow this amazing community of likeminded traders, some of whom have become full time traders and many have remained funded during the lifetime of Camelot.
Due to the growth of our fantastic community we’re now reverting back to our original plans which entailed Camelot only opening a handful of times a year. So we’re now open for a few days to give traders an opportunity to be part of our community, trade the markets with us and Excalibur, as well as join forces with our wonderful traders in our trading room on Discord. We’re looking forward to a new quarter 2023 and want to continue smashing the targets with our focus on the markets and our trading techniques.
If you would like to join us, please go to the website and follow the instructions.
www.knightsofgold.co.uk
We came here on Telegram and TradingView as we wanted to help as many new traders as possible, show them the beauty of trading and the passion we have for the markets. We wanted to teach from experience in markets and our knowledge of charting and techniques. We hope traders have seen that with good money management and the right guidance you can be successful in the markets and be kept in the right direction.
Our mission was to protect new traders from the sharks and scammers out there and show them that learning along the way is the only way to get ahead. We also wanted to showcase our analysis, trading style and chart work with a wider audience, we hope we have done all the above and helped wherever we could.
We maintained from the start that this group will be free for all, and we’ve kept our promise. We’ve provided a KOG report every Sunday and regular in-depth analysis during the week, every week. Even though our work and structure has been copied, sold, stolen, and used on other platforms we still share in appreciation of your support, following and commitment to new traders.
Camelot was never the plan, but in order to maintain the exclusivity of our work we had no choice but to create a private group which has now positively allowed us to spend more time giving even more in-depth analysis not only on Gold and Silver, but Oil, BTC, US30, NAS100 and DAX to name a few. We never imagined we would have such a reception and grow this amazing community of likeminded traders, some of whom have become full time traders and many have remained funded during the lifetime of Camelot.
Due to the growth of our fantastic community we’re now reverting back to our original plans which entailed Camelot only opening a handful of times a year. So we’re now open for a few days to give traders an opportunity to be part of our community, trade the markets with us and Excalibur, as well as join forces with our wonderful traders in our trading room on Discord. We’re looking forward to a new quarter 2023 and want to continue smashing the targets with our focus on the markets and our trading techniques.
If you would like to join us, please go to the website and follow the instructions.
www.knightsofgold.co.uk