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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Thought we'd share the longer term overview as well this week. It shows the monthly trend and levels we're looking at
20-22 didn't hold so we'll wait and see if it wants to test that range high again. Or if it wants to settle back in that small range from last week
XAUUSD:
Date: 17/01/22

Support:
1818/1814/1810-12/1804-6/1797

Resistance:
1822/1826-8/1830/1833-5

KOGs Bias for the day:
Bullish above 1828 with targets above being 1830, 1833 and above that 1840

Bearish below 1818 with targets below 1810, 1806-4 and below that 1797.
Updated levels for you on the 1H chart. Very difficult to hold trades unless scalping up and down, even then not much movement. We'll be back tomorrow. KOG
Good idea to take partials and protect and short trades around here
XAUUSD:
Date: 18/01/22

Support:
1810/1806-4/1800/1797-5/1785

Resistance:
1814/1820-22/1826/1828/1833

KOGs Bias for the day:
Bearish below 1820 with targets below 1810, 1806 and below that 1802

Bullish above 1820 with targets above 1824, 1827 and above that 1833
Stops to entry if you're in
Camelot had that level marked for the short
Hope the morning reviews are helping
Trade with CAUTION today members. There's only so many times these levels will hold. Ideally we wanted to break below 1810 to target those lower levels, however, yesterdays rejection from supply is quite concerning. You can see it retraced around 50% and pushed back up which is showing signs of more bullish movement to come. We're holding tight at KOG and not committing to this range, we'll wait for a breakout either way.