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!
Again, tops, bottoms, ranges, scalps. We got you! Camelot members smashing these targets across the markets day in, day out!
We have to always remember, when they start moving the market, those days of correcting the move straight away are gone. Now they're sole purpose is to grab as much liquidity from where ever they can get. Most of the time, that's creates the stretch, and it doesn't stop in one session or day. We're all retail traders, some more experienced than others, but one thing that is common, when price goes up traders are looking to short, when price comes down, traders are always looking to long.
The skill here is capturing the move and staying in it for as long as possible, not panicking, and allowing yourself to flow with the market. This takes years of practice and unfortunately most don't make it to this stage.
The skill here is capturing the move and staying in it for as long as possible, not panicking, and allowing yourself to flow with the market. This takes years of practice and unfortunately most don't make it to this stage.
Now we have confluence below, 200MA, price has given a small bounce, we've taken a majority of the long, done for the day, runners running. 20MA and more importantly, 10MA sitting above, resistance stands at 2430-35 order, with support below 2410