The group is growing by the day. We would love to help many more traders with our analysis and trade ideas. You're all welcome to invite others to join the group, benefit from what is shared and trade together with us.

Invite link:
https://t.me/KnightsofGold

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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
We trade level to level. Follow at your own risk.

And finally....

Members Notice:

It will be 1yr tomorrow since we started this journey on TradingView and Telegram, we wanted to help as many new traders as possible, show them the beauty of trading and the passion we have for the markets. We hope traders have seen that with good money management and the right guidance you can be successful in the markets, or at least be kept in the right direction.

Our mission was to protect new traders from the sharks and scammers out there and show them that learning along the way is the only way to get ahead. We also wanted to showcase our analysis, trading style and chart work with a wider audience, we hope we have done all the above and helped wherever we could.

We maintained from the start that this group will be free for all and we’ve kept our promise. We’ve provided a KOG report every Sunday and regular in-depth analysis during the week every week. Even though our work has been copied, sold, stolen and used on other platforms we still share in appreciation of your support and following.

We've grown on social media, we've grown on TradingView and we've grown to over 2.5k members here on Telegram. Not to mention our very own group of Camelot traders who are a fantastic bunch or traders and a pleasure to have in our community.

We appreciate everyone who has followed, supported, liked, commented and joined KOG on this amazing journey over the last year.

So please join us in wishing KOG a Happy first Birthday and from us here at KOG, wishing you all a blessed and amazing weekend ahead. See you on Sunday for the KOG Report.

KOG

OIL!! TARGET HIT...Leaving a runner on this

KOG Report has been published on TradingView. Its very brief this week as we'll be trading this level to level rather than trying to capture any big movements. Its the end of the month and this weekly candle close is going to be really important. So please trade this carefully.

We'll update as we go along as we usually do

There is a lot of news this week which is guaranteed to move the markets.

If you’re trading an account size:

Less than £500:
LOT SIZE – 0.01 with a MAX LOT SIZE OF 0.03 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0.01 lot size will give you flexibility when the market goes against you.

£500 – 1000:
LOT SIZE – 0.02-0.03 with a MAX LOT SIZE OF 0.06 AT ANY GIVEN TIME – You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0.02-0.03 lot size will give you flexibility when the market goes against you. Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.03, when you reach 10-15pips take 0.02 in profit and set the stop to entry, let 0.01 run to the target with the trade protected.

£1000 – 1500
LOT SIZE 0.05-0.07 with a MAX LOTS SIZE OF 0.10 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.05, when you reach 10-15pips take 0.03 in profit and set the stop to entry, let 0.02 run to the target with the trade protected.

£2000+
LOT SIZE 0.05 – 0.15 with a MAX LOT SIZE OF 0.17 AT ANY GIVEN TIME - . Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.07, when you reach 10-15pips take 0.05 in profit and set the stop to entry, let 0.02 run to the target with the trade protected.

Too many traders get stopped out and blow accounts because their lot sizes are too bit. A small reversal on the pair and panic sets in because a high percentage of the account is in drawdown. They take the loss and the market ends up going their way in the end. This is not the way to trade! You will make money but ultimately you will face huge losses on your account. The market is designed to play with your emotions and your greed, you need to use this to your advantage. The only way to protect yourself is money and risk management, it’s a fundamental tool and skill required to trade.

Reminder:

Give yourself room in these market conditions. Big lot sizes don't allow you to do that, especially on Gold. As traders we have to adapt to market conditions

Trade this level to level. Don't think you'll get a clean run the way they're moving it. We want to start going long on Gold but don't feel this is the right time at the moment

Apologies, we've missed out the 1750-48 support level on this chart. Its too late to edit it but please add that level to your charts.

So the support levels:

1777
1775
1765
1750
1748

Key resistance 1795-7. Break above this level look for 1805-7 and above that 1814-17.

Key support now stands at 1788-5. Break below that level look for 1777, 1775.