And there was the reverse trade we shared yesterday. Even though we planned for the move, discipline will tell you, take what the market gives.
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Invite link:
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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.
https://www.tradingview.com/chart/XAUUSD/e2wI5VU2-THE-KOG-REPORT/
The KOG Report has been published on Tradingview. Please do help support us and the free channel by hitting the like/boost 🚀 button 🙏
The KOG Report has been published on Tradingview. Please do help support us and the free channel by hitting the like/boost 🚀 button 🙏
TradingView
THE KOG REPORT for FX:XAUUSD by KnightsofGold
THE KOG REPORT:
In last week’s KOG Report we mentioned the importance of the levels we had in mind for the week ahead and to expect some movement in the markets while it attempts to break out of the range it’s been accumulating in.
We mentioned the level…
In last week’s KOG Report we mentioned the importance of the levels we had in mind for the week ahead and to expect some movement in the markets while it attempts to break out of the range it’s been accumulating in.
We mentioned the level…
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
There is a big problem with newbie traders and retail in general. They don't do any chart work! They rely on the illustrations and guidance of so called mentors and gurus to tell them what to do, and then call themselves traders! The best advice I can give…
End of day update from us here at KOG:
Not a bad Monday at all! Hotspots worked well giving us pin point entries not only for the Excalibur targets but also the long scalp earlier in the session. We've tapped and bounced the level as expected into the order region where price is stalling at the moment. This now turns the 2016 level into a support, and if held we should see a move upside in the early sessions targeting the 2020-25 region where price may settle pre-event. On the flip, we're still seeing a bit lower as there is a hotspot waiting from last week's hourly which was shared. Keep an eye on that 2010-08 level as per this morning's review, it's important to hold for bulls to take this upside otherwise we'll stick to the plan for now and follow the path.
Not a bad Monday at all! Hotspots worked well giving us pin point entries not only for the Excalibur targets but also the long scalp earlier in the session. We've tapped and bounced the level as expected into the order region where price is stalling at the moment. This now turns the 2016 level into a support, and if held we should see a move upside in the early sessions targeting the 2020-25 region where price may settle pre-event. On the flip, we're still seeing a bit lower as there is a hotspot waiting from last week's hourly which was shared. Keep an eye on that 2010-08 level as per this morning's review, it's important to hold for bulls to take this upside otherwise we'll stick to the plan for now and follow the path.
The levels are pre-defined, that's why they work so well. How do we know where the price will go before the price gets there? How do we make a plan for the whole week when we don't even know what the price will do, what news, what geopolitical issues there will be? Simple, it's historic, it's technical and it does the same thing over and over again. There is nothing new here or anywhere, it's the same old chicken feed we've been trading for years and hopefully for years to come.