We're done for the week. Doesn't look like Gold will do much for the remainder of the session. Support stands at 1822-25 and then 1810-12. Please trade safely and manage your risk if you've entered short. We can see this going a little higher but that looks like it will happen next week now. Hopefully we'll range around here until Monday when we can look at it again and decide what to do. As always, we'll share our analysis over the weekend.

Wishing everyone a great weekend.

XAUUSD Updated chart. Rejection not far from our identified Excalibur level. As we said, we'll wait for Monday.

AUDUSD - Update:

We came out of this trade as the stop was hit. The trade still went to our Excalibur level

Members. We'll have to post this from time to time. We'll be back tomorrow with the weekly KOG report.

Wishing everyone a great weekend.

KOG

https://uk.tradingview.com/chart/XAUUSD/ckpCGAzO-XAUUSD-Weekly-KOG-Report/

Weekly KOG report has been published on TradingView for those who want an early preview.

Your likes, shares, comments and support are very much appreciated.

Daily charts are coming later today.

KOG

Last week we suggested we were expecting a pullback towards the 1760-65 level before the price resuming its bullish move. We got 1756 as support which isn’t far off! We then encountered the move we were expecting, the levels of 1808-12 was a Excalibur target identified on the 22nd of April. We also said we could see an extension of this to the 1820-23 level which mentioned a few weeks ago, the market played out just as we analysed again.

This week:

Weekly candle is extremely bullish , we would expect any pullback to be towards the 1820-16 levels and below that the 1795-1801 levels. Just as we analysed a month ago the pattern is now complete now so we’re not expecting ATHs. We identified a potential 5th wave which is also complete according to our KOG theory however, we rejected at weekly demand. It wouldn’t surprise us to see this push up a little further into the 1850-60 range to give buyers some more hope.

1850-60 is key here as there is something we’re monitoring on the monthly charts which suggests this could be the turning point for Gold . We still have our lower targets of 1720 and 1647 but its too early to start thinking about those at the moment. As usual, we won’t know until we begin the week and we analyse the smaller timeframes to pick our trades. We’re not planning on longing the market unless we get a deep pullback which we will now look at on the daily chart .

Support:

1820-15
1800-1795

Resistance:

1850-60
1875-1885

We’ve highlighted two areas of interest here. The level below of 1808-12 which was our previous KOG target and the level of around 1870. 1808-12 could now act as a resistance level and the higher level of 1870 could be a potential target. You will see on the chart that we’ve also arrowed an even lower level of 176-65. This is where the market can go down to if it really wants to show some cruelty to buyers. In this scenario, as long as we don’t hit the higher targets first we would want to bid at this level for a nice long opportunity.

We will need to monitor this on opening and during the first few sessions of the week. We’re still expecting this to go higher, for that reason we didn’t short along with many other analyst on Friday. You can see from Fridays close now why we didn’t think it was worth shorting it in the hope of a few pips.

Support:

1830
1808
1794

Resistance:

1847-50
1875-80

We're going to change it up a bit this week. We're sharing some trade ideas for other pairs. These are just trade ideas and targets that have been identified. We'll go into more depth over the course of the week.

As always, trade safely, use a sensible stop loss and always manage your trade.

USOIL WTI - 1H

Target identified above. We're looking for a small pullback to test the long entry on this one.

AUDCAD - 1H

KOG target identified earlier last week. We posted the trade previously but didn't get a good entry. We're looking to get back in with a small lot for a long.

AUDCHF 1H -

Again, with this one , target identified previously. We'd like to test the long trade based on successful support below.

GBPUSD 1H -

Members, apologies from us. We forgot to publish this last week on this group. We still have an active target above, we'll try and get back in based on support below unless this hits the target again overnight.

Thats all folks. We have other trade ideas identified last week but we'll look at them more closely tomorrow. As always, we'll share what we're doing. Enjoy the rest of your weekend.

Knights of Gold

We sent this last week. A gentle reminder. We've only just published the analysis and it's already been copied 🤷🏻‍♂️

Note to members:

Firstly we thank you for your support and following. Without you this group wouldn't exist and we wouldn't be able to share our analysis and ideas with likeminded traders. We're now at over 1k members from all walks of life and from all over the world. We hope you all benefit from what is shared.

On a serious note. We still have people copying, sharing and selling our analysis on other groups. This is not acceptable. Some are not even in the group, they simply view everything without joining and then share it on their own channels. If you see our analysis on other groups please do get in touch with us immediately. We can't stop this from happening at the moment, however, what will happen is they will ruin it for everyone else as we just won't share as much as we do.

Regards,

KOG

GBPUSD Update:

Excalibur identified the move up and two targets. There wasn't enough room in the trade to monitor and get in overnight. This is complete now.

AUDCHF 1H -

Update:

Possible move to come. Target active. Look for slight pullback towards the highlighted support. Lets see how it reacts

AUDCAD 1H -

Update:

Resistance broken. Looking for the below level to turn to support. Looks like its on its way to the Excalibur target

USOIL WTI 1H -

Update:

Opened with a gap up. Would expect this to come back down to close the gap, looking for support around the levels shown on the chart. Target still active.