1H XAUUSD

Members, these two levels are important for the coming session.

We'll be back tomorrow.

We're expecting this to go a little higher. Main target being 1750 or thereabouts, however, we have a higher target of 1760. We're not going long yet, we're still holding positions from the 1680 levels which we have slowly been chipping away at.

Looks like we're coming back down to support, lets see what it does here. We'll share our trade idea when we're ready to enter.

Support:
1740
1735
1727-6

Resistance:
1750
1757-62
1777

If you continued with this trade, now is the time to move the stop up to secure some profit.

We'd probably take most of the profits at 1749 and leave a little to run

XAUUSD:

Support stands at 1745/1740

We've hit the 1750 level. We're not shorting this.

Use the levels on the 4H chart published this morning.

💥 Trade Complete

We exited this trade way too early. Excalibur showing us again who the boss is.

Well done it you followed it all the way through.

We're out of all long positions now. Going to sit back a bit and wait. Still has a bit higher to go but we're going to look to short it soon.

Excalibur gave us the target on March 18th. 1757 bang on!

4H levels for you. We're looking for support at these levels, breaking here the next support level is around 1735. Its Friday so expect some choppy price action.

Excalibur is suggesting the move up is not over with so we're expecting this to pullback to the support levels and then continue the rise. The main level of support still stands at 1727, this level is crucial as breaking here will resume bearish pressure on Gold.

Our plan:

We're still bullish short-term as long as these support levels hold. Our higher target is 1760 and our lower target is 1720. We're going to sit and wait for the price to exhaust and then decide if we'll take an entry. Again, being Friday it needs to be a very strong setup for us to take it. We will share the trade as soon as we identify it.

USDCHF 15M

Not worth taking it unless we get some form of pullback to 15M support levels. The target looks good though, just want to get a better entry for it.

Trade Complete

BBC News - Prince Philip has died aged 99, Buckingham Palace announces
https://www.bbc.co.uk/news/uk-11437314

Very sad news here in the UK. RIP Prince Philip, Duke of Edinburgh.

Updated 4H chart.

Next level up is 1750, we should be careful around here, not worth getting stuck in any positions, plus its Friday! We still have our two Excalibur targets of 1720 and 1760. We'll have a look at the charts again over the weekend and share our views as always on Sunday.

Welcome to all the new members of the group and thank you to all the existing members for your likes across our social media, TradingView etc.

We're done for the week. Hope everyone had a successful weeks trading.

Below are the trades published this week.

USDCHF ✅
XAUUSD ✅
XAUUSD ✅
EURUSD ✅
EURGBP ✅

All hit profit targets. We haven't done the statistics yet but over the 5 months since we started this group Merlin seems think we've only hit 3 stop losses on all our trades. Shows the power of Excalibur! Even then the market has gone in our direction. Hope you find our work useful and of benefit.

Thank you for all your support, we'll see you on Sunday for the week ahead KOG report.

Knights of Gold

Just a brief update published on TradingView. Please like and share if you get the chance.

We'll be back tomorrow with the week ahead KOG report.

Knights of Gold

Even though we don't like trading Mondays, out of 78 trades on a Monday this year we have a 99% success rate. Maybe we shall pay more attention to trading Mondays.

These are MyfxBook stats

As we mentioned yesterday, Merlin said we've only had 3 SLs. Excalibur backtest results. Not bad for the year so far. #KOG