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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XAUUSD:
Date: 13/01/21

Support:
1820/1814-5/1804-6/1800

Resistance:
1825/1828/1832/1835

Summary:
We wouldn’t suggest you buy at these levels, as we said the market needs a pullback so look for lower support levels if you want to go long. 1824-5 has now become a strong level of resistance and 1820 a level of support. Break below 1820 its likely we will see more bearish pressure on Gold.
We'll share the chart very soon
Its more a trade with caution day today rather than getting stuck. Look for the levels to act as support or resistance, nothing wrong with testing levels with smaller lots that allow you to be flexible. Please have a risk strategy in play at all times during these market conditions.
Needs to break below here to continue down
Bounced nicely from the support. Don't try and run this for 1000pips. grab and run, if you got the entry take it and run
We'll be back tomorrow with our view for the day. KOG
XAUUSD:
Date: 14/01/22

Support:
1820/1814/1810/1804-6

Resistance:
1825/1830/1833/1835

KOGs Bias for the day:
Bullish above 1810 with targets above being 1825, 1827 and above that 1833

Bearish below 1820 with targets being 1814, 1810 and below that 1804.
Key levels are 1795-7 and above is 1830-35.
Don't get chopped up trying to trade within this immediate range of 1820-25 unless you're scalping the market. Trying to catch the move in this small range is dangerous.
Stop to entry on Gold