We're not in any trades for this. Plan is to wait for it to be over with and let the market find its feet.
Our custom volume bar is showing support at 1878 and resistance at 1902. We shall wait to see which way it goes and breaks
Good evening. Its been a very positive week for us, all trades in profit, if they weren't we took at least 50% profits and moved stops to entry, above or below. Well done to anyone who followed.
We're signing off for the weekend. Will be back on Sunday night for market open. Right now, Gold has broken a key support at 1850, institutional attacks on metals don't usually end like this, so we're expecting it to go down further next week. Our chart shows our 5 swing target and the drop that occurred after that (perfectly timed). Please check our TradingView profile for clarification to see where we analysed the trade and how it unravelled.
Right now, we want to see where Gold closes tonight, so we shall wait until Monday before we decide whether to long or short it.
Hope you all have a good weekend and welcome to all the new members.
Thank you for your likes, follows and support,
Knights Of Gold
We're signing off for the weekend. Will be back on Sunday night for market open. Right now, Gold has broken a key support at 1850, institutional attacks on metals don't usually end like this, so we're expecting it to go down further next week. Our chart shows our 5 swing target and the drop that occurred after that (perfectly timed). Please check our TradingView profile for clarification to see where we analysed the trade and how it unravelled.
Right now, we want to see where Gold closes tonight, so we shall wait until Monday before we decide whether to long or short it.
Hope you all have a good weekend and welcome to all the new members.
Thank you for your likes, follows and support,
Knights Of Gold
Good Morning.
Currently we are waiting for one of these levels to break. Gold should technically go back up towards the 1870s region, however, we do not have confirmation of our signal as yet.
Personally, I think institutions are not done with the selling phase of Gold, so there is a chance we will drop further down.
Currently we are waiting for one of these levels to break. Gold should technically go back up towards the 1870s region, however, we do not have confirmation of our signal as yet.
Personally, I think institutions are not done with the selling phase of Gold, so there is a chance we will drop further down.
Right now we're on the sidelines, we could have gone long on Gold but our strategy isn't showing us a signal as yet.
Want to go long here, initial target is 1855 with a view for 1865. Only using 1% risk. Will give more details in a couple of hours. If you follow be sensible with your stop loss.
Optimal entry on this trade would be 1848 so we're also looking for a small pullback
Optimal entry on this trade would be 1848 so we're also looking for a small pullback
1855 complete. Nice quick trade to start the day.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
We're approaching 1848. Looking for a bottom here, we need strong support, we're target 1865. Small lot, tight stop
We're getting ready to sign off. This trade is active but it's going against us at the moment.
We will hold it until it either hits the target or stops out. If you followed us be sensible with your stop loss.
We will hold it until it either hits the target or stops out. If you followed us be sensible with your stop loss.
Spoke too soon!! If you entered with us you should be in profit now 👍🏼
Stop moved to just above entry. See you tomorrow
Quick note.
Right now Gold looks like it's going to go and test the lows again and fill the wick of the spike down. We're waiting patiently, no need to try and capture a few pips with high risk.
It's formed a pattern on the chart which we are monitoring closely.
Let's wait and see if a highly probable setup comes up in the next few hours.
If you like the group and analysis please share with your friends and fellow traders.
Knights of Gold
Right now Gold looks like it's going to go and test the lows again and fill the wick of the spike down. We're waiting patiently, no need to try and capture a few pips with high risk.
It's formed a pattern on the chart which we are monitoring closely.
Let's wait and see if a highly probable setup comes up in the next few hours.
If you like the group and analysis please share with your friends and fellow traders.
Knights of Gold
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Quick note. Right now Gold looks like it's going to go and test the lows again and fill the wick of the spike down. We're waiting patiently, no need to try and capture a few pips with high risk. It's formed a pattern on the chart which we are monitoring…
So we got the wick fill below and our entry is still active. As mentioned, it's stop is just above entry now so we'll hold until we hit the target or it triggers the stop. Either way it's risk free.
Now we want to see support at 1855-50 or there about and we're on our way to our target
Now we want to see support at 1855-50 or there about and we're on our way to our target
Reminder:
Our good friend and a very good analyst also has a group on telegram. Daily, weekly key levels and analysis are fantastic. Highly recommended by us
Our good friend and a very good analyst also has a group on telegram. Daily, weekly key levels and analysis are fantastic. Highly recommended by us
Our buy entry hit it's stop with a small profit