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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Dear Members, our sincere apologies, we posted a trade idea on TradingView and thought we had posted it here as well! Unfortunately no one sent it on here.
We're looking for 1733-35 to act as support now and we're going to add to our long position. The previous position has the stopped moved up to 1727 and we've banked 75% of it.

Only if support is successful!! First target will be around 1746 with the 2nd being 1755. AS LONG AS IT SUPPORTS! Small lot with a tight stop as its accumulated enough so the break out could also open a trap door to lower levels.

We need to be careful as gold could be following a similar fractal to last week
We have to be really careful with this one hence we've added a small lot to a trade that is already running. The market has accumulated enough and is ready for a breakout. As you've experienced so far with gold, it likes to hit stops and then continue its journey so there is still potential for this to spike down if its going to go back up!

As always, its just our view. Always be sensible with your lot sizes and use a realistic stop loss. This is not the market to hold trades
A big welcome to all the new members of the group. Thank you for your support, likes and follows on all the platforms. If you like what we're doing please share the group with your fellow traders and those who are interested in trading.

We're done for the day. Trades are running, if you entered the last idea please manage this trade accordingly. If you're holding the previous one as well that one is risk free. We want the 2nd one to be the same.
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We're taking another 25% profits on the second long position. That's a total of 75% on both trades now closed
Now the market can do what it wants. We're hunting another trade
4H Levels and trend. We're sitting at what could be the bottom of the trend. Remember trends can never be exact but give us a good indication of what's going on.

Current support 1737
Current resistance 1740

Tight range again, the market is getting ready for a breakout so lets wait and see.

We're still holding our longs from below which we have protected. DXY is looking strong but there's nothing to stop them moving in the same direction.
We're looking for a strong close above 1740
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
We're looking for a strong close above 1740
This is why we needed that strong close above 1740. The market structure depended on it. We're close to breaking even on the 2nd trade after banking 75% of the trade at 1738
Lets see what reaction we get at 1727