This above is not rocket science. Plot the range, high and low, wait for structure to form and then play the range in the early part. Once the price has moved up and down enough leave it alone, they then want the dummies to get in and they'll move the price. You don't need to trade anything and everything everyday, know when to take a good set up and when to sit out and wait.
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Quiet day so far on the markets with the support levels 2030 and resistance 2035 holding price in play. A breakout is imminent so would suggest traders switch to defence on the markets as the move could be big and late session. We're not relying on taking reverse trades today as it's Friday, one level to level trade is enough of Gold and we'll come back fresh on Monday.
And there was the reverse trade we shared yesterday. Even though we planned for the move, discipline will tell you, take what the market gives.
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Invite link:
https://t.me/KnightsofGold
Find us on:
Website: JOIN HERE๐ (CLOSED)
www.knightsofgold.co.uk
There is an option to contact us on the the website if you have any queries
Email:
contactknightsofgold@gmail.com
Instagram:
https://www.instagram.com/knights_of_gold/
X:
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.
https://www.tradingview.com/chart/XAUUSD/e2wI5VU2-THE-KOG-REPORT/
The KOG Report has been published on Tradingview. Please do help support us and the free channel by hitting the like/boost ๐ button ๐
The KOG Report has been published on Tradingview. Please do help support us and the free channel by hitting the like/boost ๐ button ๐
TradingView
THE KOG REPORT for FX:XAUUSD by KnightsofGold
THE KOG REPORT:
In last weekโs KOG Report we mentioned the importance of the levels we had in mind for the week ahead and to expect some movement in the markets while it attempts to break out of the range itโs been accumulating in.
We mentioned the levelโฆ
In last weekโs KOG Report we mentioned the importance of the levels we had in mind for the week ahead and to expect some movement in the markets while it attempts to break out of the range itโs been accumulating in.
We mentioned the levelโฆ
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
There is a big problem with newbie traders and retail in general. They don't do any chart work! They rely on the illustrations and guidance of so called mentors and gurus to tell them what to do, and then call themselves traders! The best advice I can giveโฆ