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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Just like that, brutally completed targets ❀️
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No more longs! Read the KOG Report please
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This morning
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
This morning
Not bad. Now we're at a crucial level which price may attempt to breach but we can't long up here. We have NFP looming and they will want to start the pre-event price action which entails either ranging up here or taking us back into support
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Another day in the office!
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NFP today. Wait for the price to go where they want to take it, look for a clean set up, then enter the markets if you wish to trade. The most amount of money and accounts are blown during FOMC and NFP because traders are trying to capture the volume driven candles with large lots. This is not trading, this is gambling! Tonight the casino is open, the drinks are free to entice you, only you can have that discipline to sit and wait patiently for the right moment
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://www.tradingview.com/chart/XAUUSD/ulOzv94I-THE-KOG-REPORT-NFP/
On the retracement of the candle it was a decent entry into the red box. Otherwise, it's a no show for us, the stop would have had to be huge
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As it stands, if you're long, you need to protect and manage. There was a bit of a stretch but the level failed to break hence the move back upside to where the NFP move started. If you're in long you're in, happy days, protect and enjoy.
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