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That's what we wanted following on from yesterday, that level needed to be attacked but the reaction is controlled. If you took the long, go an enjoy the weekend, any shorts now should be level to level unless we see a clean reversal. Plan is still on but they've delayed the move due to the accumulation, so now it's Friday we don't want any positions open over the weekend. Hence, take it level to level.
Totally madness on Gold, we missed this move even though we had pin pointed the entry level on it. But, this is how we played the day
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
That's what we wanted following on from yesterday, that level needed to be attacked but the reaction is controlled. If you took the long, go an enjoy the weekend, any shorts now should be level to level unless we see a clean reversal. Plan is still on butβ¦
Thankfully we suggested shorts switched to level to level trading! The level was given below
Just goes to show. You can plan the move, you can say if does this it will do this, you can draw targets all over the chart and then boom at every support and resistance level. But you're not going to catch every move on the markets. Thankfully, would rather miss the move than be the wrong side of it. See you on Sunday for the KOG Report and our view for the week ahead. KOG
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Invite link:
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Find us on:
Website: JOIN HEREπ (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
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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.