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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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Scalp or protect and manage!!
Bias target level from 2895 was as above, unless you're in from lower down, please don't attempt it from here
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πŸ”₯πŸ”₯πŸ”₯ Getting close team!!
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Bias level target 1 2925 done as well
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That's where we are this session with the red box holding the range and the indicator giving the long trade upside. Resistance here is 2910 with support 2895 and the extension level 2885. We're not expecting to do much more on Gold as we have NFP around the corner and we've done well on it already, no point getting into positions pre-event now.

If you are going to trade, especially you guys who are new to trading, reduce your lots sizes. Expect ranging and choppy price action and use the levels we post. If it's no where near the level with no structure, it's not going to be a clean trade!
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NFP today. Wait for the price to go where they want to take it, look for a clean set up, then enter the markets if you wish to trade.

The most amount of money is lost and accounts are blown during FOMC and NFP because traders are trying to capture the volume driven candles with large lots. They also get stuck in pre-event price action during the ranging and chop without using SL's. This is a recipe for disaster, large lots, small accounts, it only take s a small spike to blow your account. This is not trading, this is gambling!

Casino is open, the drinks are free to entice you, only you can have that discipline to sit and wait patiently for the right moment.
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