Worth waiting for. Support now 3410, with resistance 3420 needs to break
π9π₯3β€2
Unless we hold above 3400 for a couple of days, I'm not comfortable with long trades unless we get a decent pull back.
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π8β€2
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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Very aggressive on Gold this month with this monster of a move, staying ahead of it has been a bit difficult for some traders. We did get that long into the level we wanted, but that short again, was "short lived". We then activated again higher, broke through resistance like a hot knife through butter and hit the target over the Asia session. Not an easy market to trade, not because the longs aren't hitting targets, but because of this stretch making it more and more dangerous to get in long the higher it goes. Markets know what they're doing, they're going to want sellers to become buyers so please take it easy, if you're uncomfortable in this you shouldn't be trading it
π₯16β€5
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Very aggressive on Gold this month with this monster of a move, staying ahead of it has been a bit difficult for some traders. We did get that long into the level we wanted, but that short again, was "short lived". We then activated again higher, broke throughβ¦
Was worth the wait π
β€6π2
Now we have resistance with a slight reversal in play at 3460-65. This level needs to hold us down in order to get lower pricing, break above and we'll create a new ATH above 3500
π9β€7
The candles look small on purpose, the volume in them is extreme, they do this on purpose to get you trading larger lots. Don't fall for it!!
β€15π5π₯2
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Now we have resistance with a slight reversal in play at 3460-65. This level needs to hold us down in order to get lower pricing, break above and we'll create a new ATH above 3500
Slight stretch of 20-30pips on the resistance but in these markets that's nothing. It held and gave a further push downside, with support now 3440
π7β€2
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Slight stretch of 20-30pips on the resistance but in these markets that's nothing. It held and gave a further push downside, with support now 3440
Resistance held again on point, support broken, was worth the wait
β€6π₯3π³1
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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Not quite to plan but we managed to get better entries from above and complete the move here
π‘ GOLD
π‘ GOLD
π6β€1
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π4β€2π2
Just to keep the wider community in the loop. It's difficult to keep trades open unless your lots are small and the stops are huge, but this market is giving 100pip bounces all day long, which is enough to capture and move to the next trade.
That was the level we wanted for the short, and then the bounce which has happened as per the KOG Report
That was the level we wanted for the short, and then the bounce which has happened as per the KOG Report
β€6