Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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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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XAUUSD - 1H

Its been a quiet day today, very choppy price action, you can see the accumulation and how the price has spiked in both directions to trigger orders and SLs. Looks like we're ready for a breakout very soon, chart above shows the 1H triangle formation we're in, we've given two scenarios. Our preferred scenario here is that the price goes up first and then down to support. However, this triangle can break one way first, get everyone stuck and then go the opposite direction, as we have seen many times before. We'll monitor the price closely over the rest of the session and will share any updates as soon as we can. We're still bias to the direction of shorts at the moment with a target of around 1855-60. Don't forget the Excalibur target above, we know how precise they usually are.

KOG
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
XAUUSD - 1H Its been a quiet day today, very choppy price action, you can see the accumulation and how the price has spiked in both directions to trigger orders and SLs. Looks like we're ready for a breakout very soon, chart above shows the 1H triangle formation…
XAUUSD - 1H

Gold found support at the indicated level on the hourly which presented an ideal area for a long trade. You can see the bullish 1H candle which has broken through the resistance level and now that level seems to be acting as support. We need to be careful here as all the charts are showing no signs of direction as yet. We have the Excalibur target above which we feel is likely as long as we are holding above this support. At the moment we are selling from strong resistance such as this morning and buying from strong support as we've seen below.

In tight ranges like this where we have choppy price action and hardly any chart patterns its best to trade small lots for quick captures until the market finds its feet and picks a direction.
Daily chart showing our zones for entries and exits. We're looking for the present hourly candle to close, looks like it wants to test todays high again. If it breaks up its likely we'll go for the KOG target above. We may not see volume until the US open so lets keep an eye on it
AUDUSD - 1H

This has come into a profit zone. Looking for a strong support at the entry level and for this to go up towards the Excalibur target
GBPCHF - 1H

Not happy with this at the moment so we're out of the trade. 4H looks like it can go a bit lower so we'll look for a better entry, which we'll share with you.
USDCAD - 1H

Numerous opportunities to enter and exit along the trend following the Excalibur target. We're protecting this trade now and taking most of the profit of it
USDJPY - 1H

Always a good idea to take partial profits and protect trades when markets are like this. Again, numerous entry opportunities and profit targets on the way to Excalibur target
EURUSD - 1H

We took a majority of the profits of this at the first target and protected the trade. If you're still in make sure you stick to the SL. We're out now and not jumping back in for target 2
Weekly XAUUSD -

The reversal pattern below has failed. We're still expecting a reversal at some point but don't feel it will be the flush we were looking for just yet. As we suggested on the Daily KOG Report there's a chance this can go towards the 1950-60 levels where the fractal shows it can start the decline. However, we're approaching the end of the month and there is likely to be some profit taking over the coming sessions, especially tomorrow. We're looking to only take shorts now from strong resistance levels. We're not going to hold these shorts for long, rather looking for lower targets of 1880 and below that 1865.
XAUUSD 1H

We're looking for a move as above. We have a target at around 1913 which can extend to 1917. At this region we're going to test the short down towards 1900-1895. This will be based on successful resistance above, if we see bullish candles trying to break or breaking through that zone we won't enter.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Reminder of levels: Please add these to your charts as Daily support and resistance levels. 1/2
Everything here is published for free, all you have to do is read it and piece it together. Add the levels and zones we publish to your charts. We said we were only shorting this.
We want traders to learn this, its market structure, every chart is the same and they all work the same. We will give you the targets, the levels and the KOG zones. Use them to your advantage