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Take the bias with a pinch of salt today, we're in a region where going long is a bit risky unless scalping and rejection can lead to a small correction. Key level support 2670. Red boxes will be published soon.
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Bias was in tact as well, nice short which should be managed
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If you're buying and get stopped at BE, don't enter higher or at the same place, you need to enter again lower than the previous entry.
If you're selling and get stopped at BE, don't enter lower or at the same place, you need to enter higher than the previous entry.
If you're selling and get stopped at BE, don't enter lower or at the same place, you need to enter higher than the previous entry.
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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.
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We wanted that to be attacked, small rejection but nothing significant. We're now creating new support below with a red box defence above. We have that level below but price is not ready for it yet, so we'll wait for a reversal to form and then decide how to play it. Resistance levels above 2720-24 and above that 2730 with support 2704 which will need to break for this to go lower
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P.S - We're not going long or short! Simply watching at the moment, we're too high and in a new region to attempt going long
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
We wanted that to be attacked, small rejection but nothing significant. We're now creating new support below with a red box defence above. We have that level below but price is not ready for it yet, so we'll wait for a reversal to form and then decide howβ¦
Support held 2704 giving the push upside into the 2720 level as above. Not much more we can do today.
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