https://uk.tradingview.com/chart/USDCAD/iUmSG9Pt-USDCAD-Short-Idea/

We have a target below on this one which has been active since the start of May. We would like to see this target met before this turns around and starts an incline in price. Lets see how this works out.

https://uk.tradingview.com/chart/GBPCHF/AcFc9NfZ-GBPCHF-Long-idea/

Hoping we get a bit of a pullback on this although we don't think it will be much. Looking for the KOG target above.

XAUUSD -

We're sticking with this for now. We can see this pulling back do to support levels at some point over the sessions. We could get a similar move to previous days, where it goes up during the first half and then takes a decline in the late US session. We're still staying short on this as long as its below 1900

XAUUSD - 30M

Hope this is clear.

We're in what could be a symmetrical triangle. We've taught these on the group before, we know that in most instances they give a false signal one way and then break the opposite direction. If this is the case we're looking for the immediate resistance levels to scale in on shorts.

Scenario 1:

We ideally want this to break all resistance levels, go up towards our KOG target and do the drop down over next week.

Scenario 2:

If this goes down first, we're looking for support below and then we'll expect this to resume its move upwards towards the KOG target.

This is Gold, its never going to be easy to trade as you've seen. Expect choppy price action and volatile movement in both directions to trigger orders and stops.

As always, trade safe.

KOG

Lets try and get some likes on the TradingView links 👍

As a show of gratitude to our members for your support, follows, likes on social media, we decided to share more than usual today. Keep an eye on the charts, add the levels, use responsible stop losses and lot sizes. Trade safe as always. We'll share our trading entries as usual when we can.

Remember, this is not a signal service, everything is shared for free and you are responsible for your trading.

Back for the US and Equities open. Should be an exiting afternoon.

Green arrow worked a treat. Needs to break below 1875 to go lower. We're out of a majority of the trade here

EURUSD First target complete

Level2Level trading. Nice to see it working out

Protect these Gold trades if you're in

We're done for the week. Hope everyone had a good week.

Reminder: Always remember to use a stop loss, use a sensible lot size, protect your trades once in profit and never let a trade run out of control. These are the basics of trading and why so many traders fail. Its a marathon, not a sprint!

We've protected the Gold trade and taken most of the profit out of the EURUSD trade. We're closing out of all the others as we don't like holding trades over the weekends. We will visit these again on Monday morning.

Wishing everyone a great weekend, see you on Sunday for the KOG report.

Knights of Gold

https://uk.tradingview.com/chart/XAUUSD/S1ZgQOBx-XAUUSD-Daily-KOG-Report/

Please click on the link for full analysis. Your likes, comments and follows are very much appreciated.

Knights of Gold (XAUUSD Analysis) Chat, [23.05.21 14:05]
[In reply to Knights of Gold (XAUUSD/Gold/FOREX Analysis)]
In summary:

Scenario 1:
We see the Gold open and pullback slowly over the course of Monday before rising to our higher levels and then starting the decline over the rest of the week.

Scenario 2:
We see Gold open and continue with the momentum from last week, go up towards the our target levels and then start the drop over the course of the week.

Either way, we’re trading calmly and as always level to level. We will monitor the price action on the smaller timeframes over the early sessions and then decide which way we want to take it.

As always, trade safe, ALWAYS use a small lot and sensible stop loss when trading. We’ll be back tomorrow with our trade ideas and analysis on the smaller timeframes.

Support:
1880-75
1863-60
1850-45

Resistance:
1885
1896-99
1908-12
1924
1948-55

XAUUSD 4H -

We'll wait for the early sessions before we make our move. As long as Excalibur is giving us Long indications we don't think the price is ready to drop. Our range is clear and price action is clean. Gold is allowing us to trade it without getting stuck in positions. We would recommend anyone trading the markets across any pairs to be extremely careful over the coming week. We're approaching month end and have some Red news events coming up. The market knows there are new traders trading smaller accounts using big lot sizes. Always remember, the market wants your money!! Protect yourself and your investment. This is not the market condition to be using large lot sizes and trading without stop losses. We're at price points now where if it turns and you're in the wrong way it will leave you stuck and not give you time to think.

Add the levels, look at the ranges, use the support and resistance, draw the boxes and the trends. Use the information we give you, its free and is there to help

Those of you who have been through the simple Support and Resistance training with us will be able to tell you how valuable and effective simple lines can be on your chart.

These are volume per trade levels in the picture above. Add these to your charts.

Enjoy the rest of your weekend. Back to business tomorrow, looking forward to another successful week on the markets.

DXY -

Before we go. This is something we need to be really careful of. Excalibur on DXY gave us two short targets at the beginning of May. The first one has been hit and gave a double bottom. However, one target is still active, now unless we leave this range and totally clear the levels above it looks like an event will spike this down. We'll keep monitoring this.

KOG

Note to members:

All trads posted last Friday have been in and out of profit, please protect your trades, follow the direction, apply the support and resistance levels to your charts and use them to take partial profits and to reduce risk. Remember to always use a responsible lot size and stop loss. You don't have to use the same Risk to reward as us but please use a sensible one.

First target was hit, trade protected. We may re-enter for target two 1.2146 if we face good resistance above

USDJPY -

Its in profit now, please protect it and maybe take partials while its around here

USDCAD -

Given the perfect entry for this by retracing. Keep an eye on it, if it breaks out of trend it might be an idea to exit or even set the stop to entry so you don't get stuck