End of day update from us here at KOG:
The range looks small but it's over 200pips of play within what is now a possible pattern with the resistance level of 1930 and support forming upwards of 1910. As suggested this morning that 1910 level is an important support that needs to break for this to go lower. The range for the rest of the session is posted so use the red boxes if you're going to attempt to trade it. Tomorrow is likely to be another day of the chop with the potential to complete the high and then begin the correction to fill the gap.
The range looks small but it's over 200pips of play within what is now a possible pattern with the resistance level of 1930 and support forming upwards of 1910. As suggested this morning that 1910 level is an important support that needs to break for this to go lower. The range for the rest of the session is posted so use the red boxes if you're going to attempt to trade it. Tomorrow is likely to be another day of the chop with the potential to complete the high and then begin the correction to fill the gap.
End of day update from us here at KOG:
As suggested in yesterdays update, the upside support of 1910 on hold was crucial for this to complete the high before any attempt of a pullback. KOG's bias gave the levels of 1930 and 1943 which are now complete as well as the extension target of 1957 which completed in Camelot. Right now, too late in the session to test the levels as there could be news over the weekend which can cause another glitch on the chart on opening so we'll close off here for the week. Close is important, if they really want to drive it then the levels of 1970-75 are the next order regions. Support now stands at the 1945-50 level and below that 1935 with the bias still bullish above 1910.
As suggested in yesterdays update, the upside support of 1910 on hold was crucial for this to complete the high before any attempt of a pullback. KOG's bias gave the levels of 1930 and 1943 which are now complete as well as the extension target of 1957 which completed in Camelot. Right now, too late in the session to test the levels as there could be news over the weekend which can cause another glitch on the chart on opening so we'll close off here for the week. Close is important, if they really want to drive it then the levels of 1970-75 are the next order regions. Support now stands at the 1945-50 level and below that 1935 with the bias still bullish above 1910.
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Invite link:
https://t.me/KnightsofGold
Find us on:
Website: JOIN US HERE
www.knightsofgold.co.uk
Instagram:
https://www.instagram.com/knights_of_gold/
Twitter:
https://twitter.com/KnightsOfGold2
We appreciated all your likes, follows and comments. Give us a follow, share the group and keep up to date with KOG.
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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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