Knights of Gold (Gold/FOREX Analysis/Trade ideas)
With the amount of volume being generated this week I mentioned in the KOG Report I would expect an undercut low yesterday, what confirmed that was the PA and the algo which kept activating short and gave us a target lower which is now hit. I would like to…
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Camelot Friday! When the stars align
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https://www.tradingview.com/chart/XAUUSD/HoJqayuq-THE-KOG-REPORT/
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THE KOG REPORT for FX:XAUUSD by KnightsofGold
THE KOG REPORT
In last week’s KOG Report we said we would want price to fail the high and commence the move downside into the defence box initially. It was the first defence box where we wanted to see a reaction in price, ultimately we breached and the…
In last week’s KOG Report we said we would want price to fail the high and commence the move downside into the defence box initially. It was the first defence box where we wanted to see a reaction in price, ultimately we breached and the…
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We managed to get the move we wanted from the open into the RB below but as mentioned in the report, the breach here was important. We broke, so the move didn't terminate and resulted in our hot spot being hit where we got the RIP early session. Now, we have resistance above at the 4560 level and support at the 4540 level but the extension of the move is all the way down in the 4520s. That will be the bias for today in Camelot, as a rejection there can bring us back up into the range before another attempt at the low.
We're playing level to level on the indicators are the moment, no hope for be captures unless the set ups arise.
We're playing level to level on the indicators are the moment, no hope for be captures unless the set ups arise.
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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