Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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…
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.
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.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
We're looking for a long again today, we want to target the 1750-55 level. Its too early to get in here, we want to test the support levels again hopefully later today and take the entry. The stop is larger than usual to give the trade some flexibility. We're…
💥 Trade Complete
We exited this trade way too early. Excalibur showing us again who the boss is.
We exited this trade way too early. Excalibur showing us again who the boss is.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
💥 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.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Daily: Gold hit our level of 1740 and 1753 as mentioned lastnight. The chart shows the trend on the daily, you can see we've rebounded from the trendline. Although trend lines can be a bit hit and miss they seem to be working well recently. Our level below…
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.
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.
BBC News - Prince Philip has died aged 99, Buckingham Palace announces
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https://www.bbc.co.uk/news/uk-11437314
BBC News
Prince Philip has died aged 99, Buckingham Palace announces
Tributes are paid from around the world to the Queen's "beloved" husband of 73 years, the longest-serving consort in British history.
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
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
We'll be back tomorrow with the week ahead KOG report.
Knights of Gold
As we mentioned yesterday, Merlin said we've only had 3 SLs. Excalibur backtest results. Not bad for the year so far. #KOG
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://uk.tradingview.com/chart/XAUUSD/pt58zi3r-XAUUSD-Daily-KOG-Report/
Seems to be going according to plan. We’re expecting this to pullback at some point over Monday and Tuesday. Looking for the 1730-20 levels again to see a reaction.
We longed the market here last week and took what we needed to. We had a higher target on the Daily at 1775 which hasn’t been met.
We still think this level is very possible so we will keep it on the chart and use it as a potential target depending on a decent pullback.
The double bottom is clear, the neckline break is also clear. This isn’t a good sign for bears as this has opened up higher levels for the bulls.
We’re short-term bullish as it stands, that may change during the week but it depends on how we open and what we see in the early hours.
As we’ve been saying regularly, this isn’t the market condition to hold trades unless you have extremely flexible stop losses. We’re only interested in entering and taking what the market gives us.
Support:
1730
1720
1750
Resistance:
1750
1756
1760
1778
We longed the market here last week and took what we needed to. We had a higher target on the Daily at 1775 which hasn’t been met.
We still think this level is very possible so we will keep it on the chart and use it as a potential target depending on a decent pullback.
The double bottom is clear, the neckline break is also clear. This isn’t a good sign for bears as this has opened up higher levels for the bulls.
We’re short-term bullish as it stands, that may change during the week but it depends on how we open and what we see in the early hours.
As we’ve been saying regularly, this isn’t the market condition to hold trades unless you have extremely flexible stop losses. We’re only interested in entering and taking what the market gives us.
Support:
1730
1720
1750
Resistance:
1750
1756
1760
1778