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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As usual, the trade comes after the event, best practice for new and less experienced traders is to come back to the markets next week after they have moved the price.
Last week in Camelot 💥
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End of day update from us here at KOG:

This 60-62 level is important today, we need to see if they close the price below it with the 50-55 level being key level support, which again will need to break for this to go lower. You can see their accumulating pending a breakout, so please don't get stuck mid-range, use the highs and the lows published to trade in between. Would say if 50-55 is held then that 67-75 region is looking good for the longs. It's not clean so there will be a whipsaw, one way, then the other, then the opposite so please be careful.
Quick update for all of you. Based on the KOG Report levels and plan, this is what we've done so far. Yesterday we were looking for a low lower than where the price found support, so we looked at the charts and identified the levels.
This is the range that was given
This was the move completed
Now, we're still sticking with the plan on the KOG report with potential for higher so as long as that 50-55 level holds we'll look to complete the plan to the upside before looking for the RIP
A lot of messages suggesting confusing, this should make it clearer for you. The levels are the levels, the targets are the targets
We didn't get the low we wanted so got in earlier for the move
We'll stick with the same bias for now