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Gold:
Playing the range 2030 - 2035 with extension of the move in very possible. We're level to level in Camelot, a long from 2030 would have given you 50pips or a short from above the same. News later which is likely to drive the markets, we'll wait for a good set up otherwise, let them move the price where they want to take it and we'll hunt.
Playing the range 2030 - 2035 with extension of the move in very possible. We're level to level in Camelot, a long from 2030 would have given you 50pips or a short from above the same. News later which is likely to drive the markets, we'll wait for a good set up otherwise, let them move the price where they want to take it and we'll hunt.
This above is not rocket science. Plot the range, high and low, wait for structure to form and then play the range in the early part. Once the price has moved up and down enough leave it alone, they then want the dummies to get in and they'll move the price. You don't need to trade anything and everything everyday, know when to take a good set up and when to sit out and wait.
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Quiet day so far on the markets with the support levels 2030 and resistance 2035 holding price in play. A breakout is imminent so would suggest traders switch to defence on the markets as the move could be big and late session. We're not relying on taking reverse trades today as it's Friday, one level to level trade is enough of Gold and we'll come back fresh on Monday.
And there was the reverse trade we shared yesterday. Even though we planned for the move, discipline will tell you, take what the market gives.
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Invite link:
https://t.me/KnightsofGold
Find us on:
Website: JOIN HERE👇 (CLOSED)
www.knightsofgold.co.uk
There is an option to contact us on the the website if you have any queries
Email:
contactknightsofgold@gmail.com
Instagram:
https://www.instagram.com/knights_of_gold/
X:
https://twitter.com/KnightsOfGold2
We appreciated all your likes, follows and comments. Give us a follow, share the group and keep up to date with KOG.
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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.