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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2365 support / 2380 resistance
Key levels today
Decent day yesterday on Gold, today, try and reduce lot sizes and make sure your risk model is up to scratch. We had the level of 2385 and 2405 last night in Camelot, 2385 was hit with the stretch into 2390 but the higher target was not complete. We're not going to pursue that target now unless we get a deeper pullback. Please plot the key levels on your charts
Quiet day so far on gold while it plays the range which is there to frustrate traders. MA's now drawn together, accumulation looks like it's coming towards the end, breakout pending!
Powell speaking later as well
Quick update from what we said earlier.

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2380-85 support, push, level to level
Nothing of interest on the Economic calendar today
Two entries using the bias level
If you're in, level to level
This is the first region you want to protect