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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Yesterday we wanted that lower level 2495-8 to hold for us to get this push upside into the the higher levels we had positioned on the chart. There was a slight stretch but the move is in progress. We have a key level above 2510 on the stretch together with the bias level shown. Support today stands at 2498 which needs to break and resistance 2510 which needs to hold us down. We'll play the range for now
Red boxes working a treat together with the analysis, bias and active target
And thats what we wanted. Now it's up to you!
If it breaks we go lower into the 2450-60 region before any turning point. Levels are to be tested, your risk and money management are important. See you tomorrow
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Red box confirmed the move