Make sure to manage and protect your trades if you're long
End of day update from us here at KOG:
2010-12 was the level we wanted this morning which has now been achieved. We had this price point in mind for a RIP, however, it looks like they're going to try to range it here for the close. For that reason, support now stands at the 2001-3 level with immediate resistance at the 2010-12 region. Keep an eye on the structure and remember not to over do it in this range. Accumulation here will result in a breakout so use the levels to your advantage. Targets are active, it's just about finding the right entry now.
2010-12 was the level we wanted this morning which has now been achieved. We had this price point in mind for a RIP, however, it looks like they're going to try to range it here for the close. For that reason, support now stands at the 2001-3 level with immediate resistance at the 2010-12 region. Keep an eye on the structure and remember not to over do it in this range. Accumulation here will result in a breakout so use the levels to your advantage. Targets are active, it's just about finding the right entry now.
End of day update from us here at KOG:
This morning we gave the bias with bearish below to complete the Excalibur target and also suggested the bounce which would likely take us back up into the 1990-95 region which is where we felt the price would need to be defended. Right now, the short worked extremely well and those who took the long back up into the order region should now start thinking about protecting and taking partials on their trades. Resistance stand here at 1995 and above that the 2003 which will need to hold for bears to take control again. The bearish bias still stands below 2007 but we would now expect the price to settle with the immediate support being 1885 and resistance mentioned above. We're out of trades and will wait to assess the market tomorrow, anyone still in, please use the levels posted.
This morning we gave the bias with bearish below to complete the Excalibur target and also suggested the bounce which would likely take us back up into the 1990-95 region which is where we felt the price would need to be defended. Right now, the short worked extremely well and those who took the long back up into the order region should now start thinking about protecting and taking partials on their trades. Resistance stand here at 1995 and above that the 2003 which will need to hold for bears to take control again. The bearish bias still stands below 2007 but we would now expect the price to settle with the immediate support being 1885 and resistance mentioned above. We're out of trades and will wait to assess the market tomorrow, anyone still in, please use the levels posted.
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Invite link:
https://t.me/KnightsofGold
Find us on:
Website: JOIN US HERE (CLOSED)
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.
Wishing you all a great weekend. See you on Sunday for the KOG Report and our view for the week ahead. KOG
https://www.tradingview.com/chart/XAUUSD/H50qM05d-XAUUSD-KOG-REPORT/
The KOG Report has been published on TradingView.
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The KOG Report has been published on TradingView.
Please support the free channel and analysis by hitting the like button 🙏
Range was frustrating but it went to plan as usual