Always remember trendlines are subjective, they can never be exact. We use them for guidance but many traders will draw them differently.
We have a KOG way of drawing trendlines which are a little more exact that we use together with Excalibur.
We have a KOG way of drawing trendlines which are a little more exact that we use together with Excalibur.
The only target we have remaining is 1833. This was the level we mentioned in the KOG report two weeks and suggested we need to keep in mind this week. Tomorrow is going to be really important, a pullback is needed on the price but will those support areas hold?! We'll be back in the morning with our view.
Camelot:
For those asking what Camelot is. Camelot is our live trading room where we trade and analyse markets live across numerous pairs including Gold, Silver, Oil, WS/DJ30, GBPJPY and BTC to name a few. This shows members that we're not just calling shots after the moves have happened, we take them through the trade and analysis level to level, point to point. We have a lot of messages about joining and have a waiting list.
Its a fantastic trading community and members room full of education, trading ideas, live trading and open Q&As with KOG.
Those who have already contacted us your replies should be with you next week. We've only recruited once last year to maintain the exclusivity of the group and prefer to keep it that way. We will however be recruiting again to start in march so please do look out for messages on the group in the next few days
For those asking what Camelot is. Camelot is our live trading room where we trade and analyse markets live across numerous pairs including Gold, Silver, Oil, WS/DJ30, GBPJPY and BTC to name a few. This shows members that we're not just calling shots after the moves have happened, we take them through the trade and analysis level to level, point to point. We have a lot of messages about joining and have a waiting list.
Its a fantastic trading community and members room full of education, trading ideas, live trading and open Q&As with KOG.
Those who have already contacted us your replies should be with you next week. We've only recruited once last year to maintain the exclusivity of the group and prefer to keep it that way. We will however be recruiting again to start in march so please do look out for messages on the group in the next few days
XAUUSD:
Date: 13/01/21
Support:
1820/1814-5/1804-6/1800
Resistance:
1825/1828/1832/1835
Summary:
We wouldn’t suggest you buy at these levels, as we said the market needs a pullback so look for lower support levels if you want to go long. 1824-5 has now become a strong level of resistance and 1820 a level of support. Break below 1820 its likely we will see more bearish pressure on Gold.
Date: 13/01/21
Support:
1820/1814-5/1804-6/1800
Resistance:
1825/1828/1832/1835
Summary:
We wouldn’t suggest you buy at these levels, as we said the market needs a pullback so look for lower support levels if you want to go long. 1824-5 has now become a strong level of resistance and 1820 a level of support. Break below 1820 its likely we will see more bearish pressure on Gold.
Its more a trade with caution day today rather than getting stuck. Look for the levels to act as support or resistance, nothing wrong with testing levels with smaller lots that allow you to be flexible. Please have a risk strategy in play at all times during these market conditions.
Needs to break below here to continue down
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Level to level
Point to point move. Exit taken on the shorts
Bounced nicely from the support. Don't try and run this for 1000pips. grab and run, if you got the entry take it and run
We'll be back tomorrow with our view for the day. KOG