Knights of Gold (Gold/FOREX Analysis/Trade ideas)
XAUUSD 15M Trend
15M trend. Again coming towards a strong support zone. Remember, Excalibur has left us a target above. If we don't break the support levels above its likely we can go back up. This could just be a flush of longs
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
We're done for the day. 4H chart shows the trend we're in and the support and resistance levels. Excalibur has left us a target level of around 1879-1885 which we need to keep in mind. Possible H&S on the 1HTF which we need to keep an eye on. Its been…
KOG 💥
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We're not around this morning members. Will be back before the US Session.
XAUUSD 4H -
Excalibur has given us another long indication. Although we know its a very accurate tool, after yesterdays flush on the buyers we would treat this with caution. Its likely that we may see the price push up at some point to get some late buyers in, we have a lower level of 1857 and 1840 which we feel is due. What we want to see is this push up and resist at the given levels and then begin its decline to the lower support. Its broken up above some key levels, if the price stays up here on the weekly candle its likely we've opened up higher levels that can even take us to 1940-50 on the daily. This is something we will need to observe on closing tomorrow.
The ideal scenario here is support below, push up towards the 1885-90 level, resistance there and then a decline into Friday.
Support:
1860
1851
1840
Resistance:
1881
1891
1901-3
Excalibur has given us another long indication. Although we know its a very accurate tool, after yesterdays flush on the buyers we would treat this with caution. Its likely that we may see the price push up at some point to get some late buyers in, we have a lower level of 1857 and 1840 which we feel is due. What we want to see is this push up and resist at the given levels and then begin its decline to the lower support. Its broken up above some key levels, if the price stays up here on the weekly candle its likely we've opened up higher levels that can even take us to 1940-50 on the daily. This is something we will need to observe on closing tomorrow.
The ideal scenario here is support below, push up towards the 1885-90 level, resistance there and then a decline into Friday.
Support:
1860
1851
1840
Resistance:
1881
1891
1901-3
XAGUSD 1H -
Silver has done the same. Its given us an indication of a long. We need to monitor the support below and the immediate resistance. Breaking the resistance here and said resistance turning to support and we feel silver will follow the path we've illustrated on the chart.
This is note a trade signal, simply something to be aware of. The levels are all on the chart.
Silver has done the same. Its given us an indication of a long. We need to monitor the support below and the immediate resistance. Breaking the resistance here and said resistance turning to support and we feel silver will follow the path we've illustrated on the chart.
This is note a trade signal, simply something to be aware of. The levels are all on the chart.
DXY - 4H
Something we need to keep an eye on. Excalibur gave us two targets at the beginning of May. The first target has been achieved. We still however have a target below which even we are a bit sceptical about. Anyhow, we have to keep it in mind as most of our targets are quite accurate. IF this target lower is hit it means they'll use some news event to drive the price of the dollar down to technical levels which will mean a rollercoaster on the markets across the board. With BTC the way it is as well we would suggest you take all trades with caution and small lot sizes, especially on the precious metals.
Something we need to keep an eye on. Excalibur gave us two targets at the beginning of May. The first target has been achieved. We still however have a target below which even we are a bit sceptical about. Anyhow, we have to keep it in mind as most of our targets are quite accurate. IF this target lower is hit it means they'll use some news event to drive the price of the dollar down to technical levels which will mean a rollercoaster on the markets across the board. With BTC the way it is as well we would suggest you take all trades with caution and small lot sizes, especially on the precious metals.
Some trade ideas on their way. We've analysed a few pairs this morning based on Excalibur indication. Lets keep an eye on these and see if we can get some good entries for the targets. Give us a like and follow on TradingView if you're aren't already.
https://uk.tradingview.com/chart/EURUSD/URvKMzCt-EURUSD-1H-Short-Idea/
Lets see if we get the retracement so this short. We're looking for this to go lower first before resuming the incline. We're not entering yet, its just an indication of what we think is going to happen.
Lets see if we get the retracement so this short. We're looking for this to go lower first before resuming the incline. We're not entering yet, its just an indication of what we think is going to happen.
TradingView
EURUSD - 1H - Short Idea! for OANDA:EURUSD by KnightsofGold
We're expecting a bit of a correction on this. We have an indication of a long and a short, so expecting this to push up a little first and then decline.
Its just an idea so follow with caution.
As always, trade safe. Your likes and comments are always…
Its just an idea so follow with caution.
As always, trade safe. Your likes and comments are always…
https://uk.tradingview.com/chart/USDJPY/SSdPSuqd-USDJPY-Short-idea/
We had a KOG target above which was hit to to the T. KOG targets also work as reversal zones, we can see how the price reacted there and turned around. We have a KOG target below but we're trading it with caution.
We had a KOG target above which was hit to to the T. KOG targets also work as reversal zones, we can see how the price reacted there and turned around. We have a KOG target below but we're trading it with caution.
TradingView
USDJPY Short idea! for OANDA:USDJPY by KnightsofGold
We had a KOG target above which was hit to to the T. KOG targets also work as reversal zones, we can see how the price reacted there and turned around. We have a KOG target below but we're trading it with caution.
As always, trade safe. Your likes, follows…
As always, trade safe. Your likes, follows…
https://uk.tradingview.com/chart/USDCAD/iUmSG9Pt-USDCAD-Short-Idea/
We have a target below on this one which has been active since the start of May. We would like to see this target met before this turns around and starts an incline in price. Lets see how this works out.
We have a target below on this one which has been active since the start of May. We would like to see this target met before this turns around and starts an incline in price. Lets see how this works out.
TradingView
USDCAD - Short Idea! for OANDA:USDCAD by KnightsofGold
We have a target below on this one which has been active since the start of May. We would like to see this target met before this turns around and starts an incline in price. Lets see how this works out.
Your likes, follows and comments are much appreciated.…
Your likes, follows and comments are much appreciated.…
https://uk.tradingview.com/chart/GBPCHF/AcFc9NfZ-GBPCHF-Long-idea/
Hoping we get a bit of a pullback on this although we don't think it will be much. Looking for the KOG target above.
Hoping we get a bit of a pullback on this although we don't think it will be much. Looking for the KOG target above.
TradingView
GBPCHF - Long idea! for OANDA:GBPCHF by KnightsofGold
Hoping we get a bit of a pullback on this although we don't think it will be much. Looking for the KOG target above.
As always. trade safely.
Your likes, comments and follows are very much appreciated.
KOG
As always. trade safely.
Your likes, comments and follows are very much appreciated.
KOG
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
XAUUSD 4H - Excalibur has given us another long indication. Although we know its a very accurate tool, after yesterdays flush on the buyers we would treat this with caution. Its likely that we may see the price push up at some point to get some late buyers…
XAUUSD -
We're sticking with this for now. We can see this pulling back do to support levels at some point over the sessions. We could get a similar move to previous days, where it goes up during the first half and then takes a decline in the late US session. We're still staying short on this as long as its below 1900
We're sticking with this for now. We can see this pulling back do to support levels at some point over the sessions. We could get a similar move to previous days, where it goes up during the first half and then takes a decline in the late US session. We're still staying short on this as long as its below 1900
XAUUSD - 30M
Hope this is clear.
We're in what could be a symmetrical triangle. We've taught these on the group before, we know that in most instances they give a false signal one way and then break the opposite direction. If this is the case we're looking for the immediate resistance levels to scale in on shorts.
Scenario 1:
We ideally want this to break all resistance levels, go up towards our KOG target and do the drop down over next week.
Scenario 2:
If this goes down first, we're looking for support below and then we'll expect this to resume its move upwards towards the KOG target.
This is Gold, its never going to be easy to trade as you've seen. Expect choppy price action and volatile movement in both directions to trigger orders and stops.
As always, trade safe.
KOG
Hope this is clear.
We're in what could be a symmetrical triangle. We've taught these on the group before, we know that in most instances they give a false signal one way and then break the opposite direction. If this is the case we're looking for the immediate resistance levels to scale in on shorts.
Scenario 1:
We ideally want this to break all resistance levels, go up towards our KOG target and do the drop down over next week.
Scenario 2:
If this goes down first, we're looking for support below and then we'll expect this to resume its move upwards towards the KOG target.
This is Gold, its never going to be easy to trade as you've seen. Expect choppy price action and volatile movement in both directions to trigger orders and stops.
As always, trade safe.
KOG