Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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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.
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Yesterdays move was a perfect tap and bounce from the target region forming the retracement. 2375 is an important level to cross to then create a new high, with support below 2455 in extension of key level support needing to break to go lower.
When you're new to trading or less experienced, it's almost like a drug, you want to be involved in every move, trade it up, trade it down, and when it's not looking good, you'll still think you can scalp it. This is a big problem for most traders, FOMO will kill your account guaranteed.
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://www.tradingview.com/chart/XAUUSD/ClzO4bdc-THE-KOG-REPORT-Update/
Please read the report, not just follow the pictures. To make it clear, if we bounce that support, we're looking at 2460-65 to hold down the price. If it rejects there, you're going to see a deeper retracement than many expect!! It's ranging and pending a breakout, if you're less experienced or uncomfortable in these markets, need your hand held, then we would suggest you stay out. Tomorrow is going to be a crucial day on the close!
That's why we said don't buy it!
Again, tops, bottoms, ranges, scalps. We got you! Camelot members smashing these targets across the markets day in, day out!
What a morning! Yesterday in Camelot
Activated. Shorts from the top confirmed to hold for lower, and this morning a nice result for our traders
This morning's lesson on identifying confluence and planning the perfect entry