Stop moved to just above entry. See you tomorrow
Quick note.
Right now Gold looks like it's going to go and test the lows again and fill the wick of the spike down. We're waiting patiently, no need to try and capture a few pips with high risk.
It's formed a pattern on the chart which we are monitoring closely.
Let's wait and see if a highly probable setup comes up in the next few hours.
If you like the group and analysis please share with your friends and fellow traders.
Knights of Gold
Right now Gold looks like it's going to go and test the lows again and fill the wick of the spike down. We're waiting patiently, no need to try and capture a few pips with high risk.
It's formed a pattern on the chart which we are monitoring closely.
Let's wait and see if a highly probable setup comes up in the next few hours.
If you like the group and analysis please share with your friends and fellow traders.
Knights of Gold
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Quick note. Right now Gold looks like it's going to go and test the lows again and fill the wick of the spike down. We're waiting patiently, no need to try and capture a few pips with high risk. It's formed a pattern on the chart which we are monitoring…
So we got the wick fill below and our entry is still active. As mentioned, it's stop is just above entry now so we'll hold until we hit the target or it triggers the stop. Either way it's risk free.
Now we want to see support at 1855-50 or there about and we're on our way to our target
Now we want to see support at 1855-50 or there about and we're on our way to our target
Reminder:
Our good friend and a very good analyst also has a group on telegram. Daily, weekly key levels and analysis are fantastic. Highly recommended by us
Our good friend and a very good analyst also has a group on telegram. Daily, weekly key levels and analysis are fantastic. Highly recommended by us
Our buy entry hit it's stop with a small profit
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Our plan for today: We're waiting for a retracement to around 1844-46 to Short the market with a target of 1832. It could go lower towards 1820 from there but we're happy with 1830 if it goes there. If we get good support around the lower area we're going…
5pips away from our stop. We're still in it but momentum is strong. If it hits it hits, tomorrow is another day
We've entered Long, stop moved to 1840, targeting 1863
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
We're looking for around 1850 to take a LONG entry targeting around 1863.
Stopped out. Looks like its going down further.
Good Evening. We're closing up for the week, Its been a week of two halves, we had positive trades for the first part and hit our SLs yesterday and today.
Gold broke its support and has now found support here at 1830. We're not buying even it goes up, we'll wait until Monday after we've analysed the markets. Technical indicators are suggesting we should go up next week, however, we will wait and assess the situation.
Wishing everyone a great weekend. Once again, thanks for your likes and support.
We'll come back fresh on Sunday night for market open.
Knights of Gold
Gold broke its support and has now found support here at 1830. We're not buying even it goes up, we'll wait until Monday after we've analysed the markets. Technical indicators are suggesting we should go up next week, however, we will wait and assess the situation.
Wishing everyone a great weekend. Once again, thanks for your likes and support.
We'll come back fresh on Sunday night for market open.
Knights of Gold
Channel name was changed to «Knights of Gold (XAUUSD/FOREX Analysis)»
Looking at the 4H chart we've drawn the short-term range.
I'm expecting Gold to push up at some point on Monday or Tuesday to test the breakout around 1840-50. There is however a lower pattern neckline that as yet needs a visit which is around 1808.
I'm expecting a small retracement up and then a decline again over the week.
We have a low target of 1808 and 1747, a high target of 1848 and 1894. We will share our plan over the course of the week.
We will put together our usual analysis on Monday which will give us a clearer picture. Currently we are not in any trades.
I'm expecting Gold to push up at some point on Monday or Tuesday to test the breakout around 1840-50. There is however a lower pattern neckline that as yet needs a visit which is around 1808.
I'm expecting a small retracement up and then a decline again over the week.
We have a low target of 1808 and 1747, a high target of 1848 and 1894. We will share our plan over the course of the week.
We will put together our usual analysis on Monday which will give us a clearer picture. Currently we are not in any trades.