If you would like to trade with us, win with us and be part of our wonderful community, many of whom are full time traders, please visit the website and click on the link. Learn to earn! Education, fundamentals, trading tips, charting techniques, up to date analysis. Trading courses, and an active community who are all there to help each other.

www.knightsofgold.co.uk

The week ahead.

KOG’s Bias for the week:

Bearish below 2055 with targets below 2030 and below that 2022

Bullish on break of 2055 with targets above 2060 and above that 2066

Key level support: 2030 / 2022 / 2020 in extension 2011
Key level resistance: 2046 / 2050 / 2055 in extension 2062

Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.

As always, trade safe.

KOG

The monthly chart we have been sharing with all of you regularly. Please see the update and Please do help support us and the free channel by hitting the like/boost 🚀 button 🙏

Reminder:
If you’re trading an account size:

Less than £500:
LOT SIZE – 0.01 with a MAX LOT SIZE OF 0.03 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0.01 lot size will give you flexibility when the market goes against you.

£500 – 1000:
LOT SIZE – 0.02-0.03 with a MAX LOT SIZE OF 0.06 AT ANY GIVEN TIME – You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0.02-0.03 lot size will give you flexibility when the market goes against you. Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.03, when you reach 10-15pips take 0.02 in profit and set the stop to entry, let 0.01 run to the target with the trade protected.

£1000 – 1500
LOT SIZE 0.05-0.07 with a MAX LOTS SIZE OF 0.10 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.05, when you reach 10-15pips take 0.03 in profit and set the stop to entry, let 0.02 run to the target with the trade protected.

£2000+
LOT SIZE 0.05 – 0.15 with a MAX LOT SIZE OF 0.17 AT ANY GIVEN TIME - . Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.07, when you reach 10-15pips take 0.05 in profit and set the stop to entry, let 0.02 run to the target with the trade protected.

Too many traders get stopped out and blow accounts because their lot sizes are too big. A small reversal on the pair and panic sets in because a high percentage of the account is in drawdown. They take the loss and the market ends up going their way in the end. This is not the way to trade! You will make money but ultimately you will face huge losses on your account. The market is designed to play with your emotions and your greed, you need to use this to your advantage. The only way to protect yourself is money and risk management, it’s a fundamental tool and skill required to trade.

Preparing for the week ahead in the Fundamentals channel

If you would like to trade with us, win with us and be part of our wonderful community, many of whom are full time traders, please visit the website and click on the link. Learn to earn! Education, fundamentals, trading tips, charting techniques, up to date analysis. Trading courses, and an active community who are all there to help each other.

www.knightsofgold.co.uk

The community is amazing, swing traders, scalpers, intra-day, fundamental traders, technical traders. Passing challenges like there's no tomorrow, we've got traders covered in every aspect of the market. No sheep herding or one trick ponies here, you can see the performance of the targets, they're only increasing in hit rate. Closing tomorrow 5pm UK time.

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