Gold at present. We've bounced from the support level where gold failed to break. Its now trying to break a minor resistance level around here. If it breaks and closes above it is likely it will go to test the recent highs around 1830-35 as we've shown on the chart. Rejection here and 1795-79 is now support.

GOLD:

Resistance: 1810, break above and we have 1814, 1820, 1830 and 1835

Support: 1797-5, break below and we have 1785, 1780, 1772

XAUUSD - Please be careful there is a double bottom on the 4H TF. If this plays out then completion is around 1830. 1806-8 again is an important level, a break and close above there then 1820, above that 1830-35. Needs to close below the neckline to invalidate the pattern.

Keep the daily chart in mind. The smaller TFs are for short term direction. We'll stick with the long term direction unless this breaks above and closes

Trade safe members. See you tomorrow. KOG

Retest of the channel breakout and its bounced. However, not an aggressive bounce so be careful

Support stands here and resistance at 1792-95

Daily close around here and the neckline is broken to the downside

Dear Members:

Thank you for all the emails in regard to membership. We have already filled our spots so please don't email us in regard to membership. We can't reply to everyone unfortunately so its easier to send a message on here.

We've only recruited twice this year and its likely we won't recruit now until 2022.

Please do look out for future messages about KOG membership on this group.

Hope everyone following had a successful days trading.

KOG

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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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.