It's Friday and it's Bank holiday weekend. Please take your foot off the peddle a little and try to be out of positions before market close.
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If you're in long protect, take partials. Manage your trades, it's the last days of the month so expect the unexpected on the markets. Reduce your lot sizes, make sure you have a risk model in place
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Invite link:
https://t.me/KnightsofGold
Find us on:
Website: JOIN US HERE (CLOSED)
www.knightsofgold.co.uk
There is an option to contact us on the the website if you have any queries
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.
End of day update from us here at KOG:
This morning we were expecting the order region to bounce and were looking for the price to target that 60-63 area in Camelot. For that reason we suggested taking a majority of the shorts off the table at the support region which we posted above for all of the free members as well. Looking back now, that was a great exit on the shorts and a great opportunity for the long trade if you held above the 63 level and above.
Support now turns to 70-75 region with NFP tomorrow which is likely going to cause more choppy and whipsawing price action. Tread carefully or don't step in at all, markets are very aggressive so your risk model and lot sizes are really important.
This morning we were expecting the order region to bounce and were looking for the price to target that 60-63 area in Camelot. For that reason we suggested taking a majority of the shorts off the table at the support region which we posted above for all of the free members as well. Looking back now, that was a great exit on the shorts and a great opportunity for the long trade if you held above the 63 level and above.
Support now turns to 70-75 region with NFP tomorrow which is likely going to cause more choppy and whipsawing price action. Tread carefully or don't step in at all, markets are very aggressive so your risk model and lot sizes are really important.
As usual, the trade comes after the event, best practice for new and less experienced traders is to come back to the markets next week after they have moved the price.
https://www.tradingview.com/chart/XAUUSD/66NpnruH-XAUUSD-KOG-REPORT/
The KOG Report has been published on TradingView. Please do support the free channel by hitting like/boost on the idea 🙏
The KOG Report has been published on TradingView. Please do support the free channel by hitting like/boost on the idea 🙏
TradingView
XAUUSD - KOG REPORT! for FX:XAUUSD by KnightsofGold
KOG Report:
In last weeks KOG Report we said we would be looking for the lower support region to hold up the price and felt an opportunity to long the market would be on the cards, first into the 1950-55 order region and above that 1980-85 for the extended…
In last weeks KOG Report we said we would be looking for the lower support region to hold up the price and felt an opportunity to long the market would be on the cards, first into the 1950-55 order region and above that 1980-85 for the extended…