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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Needs to break below here to continue down
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
XAUUSD:
Date: 14/01/22

Support:
1820/1814/1810/1804-6

Resistance:
1825/1830/1833/1835

KOGs Bias for the day:
Bullish above 1810 with targets above being 1825, 1827 and above that 1833

Bearish below 1820 with targets being 1814, 1810 and below that 1804.
Key levels are 1795-7 and above is 1830-35.
Don't get chopped up trying to trade within this immediate range of 1820-25 unless you're scalping the market. Trying to catch the move in this small range is dangerous.
Stop to entry on Gold
30pips leaving runner
This is a good time to take some if you're in
Protect it....Happy Friday
It shouldn't go back up to BE if it wants to drop
If you got that entry leave it alone