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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KOG Report! As above, please do have a good read, like, comment, support and give us a follow if you're not already 🙏
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XAUUSD:
Date: 10/01/22

Support:
1797/1792/1785/1777

Resistance:
1804/1806/1814

KOG Bias for the day:
Positive above 1792 with immediate targets above at 1797 (complete) above that 1804

Negative below 1795 with immediate targets below 1785 and below that 1777.

Summary:
As per the KOG report we took the long out of the 1792 level into 1797 as the first target. It looks like we still have room to go a little higher so support levels could be opportunities to long into 1804-6.
1804 is an important level here
Break above and you can see what can happen. Resistance is preferred
XAUUSD:
Date: 11/01/22

Support:
1804/1800/1797/1795/1785

Resistance:
1810/1814/1820/1824

KOG Bias for the day:
Bullish above 1797-1800 with targets being 1814 and above that 1820

Bearish below 1800 with targets being 1797, 1785 and below that 1777

Summary:
We’ve broken above the 1804-6 level so this region may play as support now with targets above. Price has achieved our KOG levels of 1797 and 1804. We have a Powell speech today which will likely move the market later in the US session.
Protect your trades, take some profits