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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Now I would say traders play a little caution on gold. Support is here and resistance is at 3385. We're in a formation that usually gives a false signal and then makes the move that is intended. Your risk model and levels need to be up to scratch if you're going to trade for the rest of the week as a breakout is on its way. The pivot is still 3340 which we can't discount so please trade safely.
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Trust the process, don't rush trading. These guys who have been trading 6 months and all of a sudden have paid groups are usually influencers, they don't have the track record or the experience of different market conditions. If they're talking about FVG, mushroom soup, some bullet strategy, dogs and cat patterns, you know they've only been here a few months to a year or so. There is nothing new in the markets, the same patterns and algo have existed for decades, since Jessie Livermore was drawing charts on paper.

Markets repeat, they're historical and once you learn price action and candle stick movement, you'll thank the market gods you made an effort to stay in the game and concentrate on something that is a skill for life. Learn to trade, stop following signals, stop copy trading and asking for account management. No one who has done this has become lucrative in this game.

Put the time in to learn, you will be rewarded for your time. Chess, be strategic, know when you're being played by the market and get out, know when you're playing the market and stay in. If it's exciting, you're doing something wrong. This is the most boring profession there is, but it's damn right worth it. KOG
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Support here is 3370 which needs to hold for us to re-visit that high again. Resistance however is 3380 while we continue to play this range. We would say take it a little lighter on gold as the breakout is pending, We simply can't just keep trying to trade every setup and candle, it doesn't work like that. You may not like me saying this, but it's about one decent trade, maybe 2 and that's it. Trading isn't about sitting on your phone all day clicking buy/sell
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Imagine this on your own screen, 4H for swing trading, 1H for day trading and 15min for scalping. Any pair on any chart 23hrs a day. Add to that the Knights indicator giving you swing points, key levels and retracement levels and our custom volume indicator telling you when to long, when to short and when to stand back from your trades.

LEARN AND GENERATE YOUR OWN SIGNALS. You don't need any of us to guide you.

Please support us and the free channel by hitting the like/boost πŸš€ button
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Camelot Friday today guys. We've done well for the week, time to take it easy and prepare for next week in the garden.

Wishing you all a great weekend ahead and we'll see you on Sunday for the KOG Report. KOG
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URGENT MESSAGE:

All our social media accounts are above, you will see our twitter account, instagram account and this telegram channel. We do not have a telegram contact ID apart from for our Camelot members. Our only ID here is KNIGHTSOFGOLD and it not contactable. At the moment you can only contact us through social media and our email address which we will give out again for the Camelot membership.

WE DO NOT contact anyone with unsolicited messages. If you get a message on Telegram from someone saying they're from KOG its nothing to do with us.

WE DO NOT offer account management or paid signals. Please be careful who you entertain. We only have contact with our members in the Camelot room, via email and on social media through our published channels.
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https://www.tradingview.com/chart/XAUUSD/bs25rwjb-THE-KOG-REPORT/

THE KOG REPORT has been published on Tradingview. Please support us and the free channel by hitting the like/boost πŸš€ button πŸ™ on our Tradingview ideas

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