That's us done for the day and week. We'll be back on Sunday for the KOG Report, until then, wishing you all a great weekend 🙏
This was planned in Camelot on Sunday pre-market open. We were looking for the long, then the FBO and then the trade to take it to where we wanted. Closed the shorts at key support before the bounce.
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Invite link:
https://t.me/KnightsofGold
Find us on:
Website: JOIN US HERE (CLOSED)
www.knightsofgold.co.uk
There is an option to contact us on the the website if you have any queries
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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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We wanted a move to the downside into the 2002-5 price point where we're getting a temporary bounce. Still in range with all MA's grouped together above.
End of day update from us here at KOG:
Following on from the KOG report, we suggested seeing an early attempt at the low before an attack on resistance where we would be looking to exit any long trades and then hunt for the short from the levels 2017 and above that 2020-25. We wanted to see a confirmed setup to then short the market back down into the lower support levels. So far, so good! Levels are working well, structure is holding strong and the trades are coming up and down, level to level. Would suggest short trades are now protected as per the analysis earlier, and partials/majority taken.
If we bounce here from the range low, we’ll want to target that 2010 level again first, that’s where we’ll decide what to do next. Otherwise, hold the short protected and we’ll see where we find a base.
Following on from the KOG report, we suggested seeing an early attempt at the low before an attack on resistance where we would be looking to exit any long trades and then hunt for the short from the levels 2017 and above that 2020-25. We wanted to see a confirmed setup to then short the market back down into the lower support levels. So far, so good! Levels are working well, structure is holding strong and the trades are coming up and down, level to level. Would suggest short trades are now protected as per the analysis earlier, and partials/majority taken.
If we bounce here from the range low, we’ll want to target that 2010 level again first, that’s where we’ll decide what to do next. Otherwise, hold the short protected and we’ll see where we find a base.