Keep an eye on DXY. 90.318 is a key level, we're looking for it to bounce there
Equity markets open in 25mins. Expect this afternoon to be volatile. Its month end, the monthly close is important for the coming weeks.
Apologies, our messages are delayed today.
If you entered the trade and didn't bank it, make sure you take something off the table and move the stop to just below the entry so you close in profit if it goes back up
We're hunting another short opportunity soon
If we break 1856 we can correct the whole move, just like yesterday. Facing strong support at the moment
We're done for the week.
Been a profitable week, low risk, minimum drawdown and precise entries. Hope everyone benefited from the shared analysis.
Anyone still holding that sell entry please take partial profits on it and move the stop to below where you entered.
Wishing everyone a great weekend. See you on Sunday night for market open.
Knights of Gold
Been a profitable week, low risk, minimum drawdown and precise entries. Hope everyone benefited from the shared analysis.
Anyone still holding that sell entry please take partial profits on it and move the stop to below where you entered.
Wishing everyone a great weekend. See you on Sunday night for market open.
Knights of Gold
Anyone not following. You can follow one of the Knights on TradingView. Gold-trader_ or search for XAUUSD in ideas, he is constantly top 5 gold authors
If you're not already following one of the Knights on TradingView, please give a follow. Constantly in the top 5 Gold authors
4H:
We’ve had an equal high and a higher low. I would anticipate a test towards 1840 and wait for a reaction around that level.
Again, just like the Daily chart we’re in a smaller (symmetrical) Triangle formation. We have below what is not a clean Inverse Head and shoulder, price usually test the right shoulder at some point so this area is very important.
Within the range we’re taking Longs and Shorts, however, I want to see how the market moves on Monday and Tuesday before making a more informed decision on where we’re heading.
Support:
1835-37
1826-24
1816-1810
1775-1778
Resistance:
1850
1857
1872-76
1891-1895
We’ve had an equal high and a higher low. I would anticipate a test towards 1840 and wait for a reaction around that level.
Again, just like the Daily chart we’re in a smaller (symmetrical) Triangle formation. We have below what is not a clean Inverse Head and shoulder, price usually test the right shoulder at some point so this area is very important.
Within the range we’re taking Longs and Shorts, however, I want to see how the market moves on Monday and Tuesday before making a more informed decision on where we’re heading.
Support:
1835-37
1826-24
1816-1810
1775-1778
Resistance:
1850
1857
1872-76
1891-1895
Daily:
We’re in what could be a symmetrical triangle on the daily timeframe.
Within the triangle we’ve drawn the immediate range. We’ve been taking longs and shorts within this range, however, it looks like we’re nearing the end and a breakout is imminent.
Key Levels:
Support:
1835
1810-15
1801
Resistance:
1849
1876-1880
1895-1900
We will wait for Monday and Tuesday to get a clearer picture.
As always, please trade safe. Your likes, follows and comments are very much appreciated.
Knights of Gold
We’re in what could be a symmetrical triangle on the daily timeframe.
Within the triangle we’ve drawn the immediate range. We’ve been taking longs and shorts within this range, however, it looks like we’re nearing the end and a breakout is imminent.
Key Levels:
Support:
1835
1810-15
1801
Resistance:
1849
1876-1880
1895-1900
We will wait for Monday and Tuesday to get a clearer picture.
As always, please trade safe. Your likes, follows and comments are very much appreciated.
Knights of Gold
Shared on the group chat by one of the traders. Worthwhile for everyone
No trades to share today, we've only scalped on the smaller timeframes. The market is accumulating so be very careful.
We're thinking of changing a few things on these groups for the future. We are looking at adding additional pairs to trade, potentially other metals like silver and platinum. Crude oil, a few USD pairs and also Oil.