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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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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Knights of Gold (Gold/FOREX Analysis/Trade ideas

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Yesterday was a quiet yet successful day using the indicators in the range for a few decent scalps, hence not much action here. We added those hot spots on Monday and wanted price to drawn into them which as you can see has worked well. We had a target above which is now complete so going long here for us is not an option unless we activate higher and then pull back. We're also very close to the defence box where the move can get a RIP.

Key levels today are 4650 resistance and 4620 support. I would have expected a bit more of a breakout after a two day accumulation but it looks like Gold is waiting for some news to come out before making another aggressive move, so stay on your toes and control your greed.
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