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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Gold played nicely today 💥
That's all for today folks. Hope you managed to catch some Pips, if you didn't then there are many more trades to come. We'll be back tomorrow unless anything changes in the remainder of today's sessions.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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XAUUSD - 1H Update:

We've hit our target for Gold in which we were successful with our trade. We're now looking for Gold to find a good, strong support below. This is a scenario where we have to be patient and wait for the opportunity to arise. We still think Gold has potential to go a bit higher so lets see how the lower levels hold.

We will share any trade ideas we have with you all. At the moment we only have the EURUSD trade which is still active. This has been a good week so far and we're nearing the end of it, so lets pick and choose the high probability trades to take.
Market close update has just been published on TradingView for XAUUSD
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://uk.tradingview.com/chart/XAUUSD/pcYt0Psc-XAUUSD-4H-Levels/
Coming towards the support levels. These levels need to hold as strong support. Momentum is quite strong as is volume.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
We're out of this trade but its still active.
EURUSD Update:

Trade is still active. Didn't hit the Stop and is now close to the TP. If you're still in it its been a bit of a rollercoaster but worth it. We would suggest cashing out if it doesn't hit the TP before the market closes
We're done for the week. Been a quiet week compared to others but still a successful one. All the levels are on the charts shared as well as the analysis with what we think the potential moves are for Gold. We'll be back on Sunday with the week ahead KOG report.

Wishing everyone a great weekend,

KOG
Members. Please don't reply to unsolicited DMs from people pretending to be from KOG offering services. Be careful, there are a lot of scammers out there. If we want to offer any services we will offer them on this group first so everyone is aware, not DM you individually. KOG
KOG Week ahead outlook is available now on TradingView. We'll share the daily and 4H shortly.
We’ve completed and broken the neckline of the double bottom . We have now also broken previous support which turned to resistance and could now be a potential support level again.
This is something we will be keeping an eye on over the first trading sessions of the week on the smaller timeframes.

Now if this is wave 5 we should expect this to support around the 1760-50 level and then resume its journey into our KOG zone higher up. Again, we’ll only have a better idea once the market has opened and settled.

Support:

1761
1755
1748

Resistance:

1785
1792
1802
1810
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://uk.tradingview.com/chart/XAUUSD/pcYt0Psc-XAUUSD-4H-Levels/
We're going to stick with this 4H chart for now. We want to wait for the market open and look at the smaller timeframes before we change anything.

Our plan still stands, we're looking for strong support and we want to take a long to target our KOG level or close to. This won't be a big position and we don't want to hold this for long. Our view is still to find a good opportunity to short it, we're just waiting for a good entry.

In summary we have two immediate Excalibur targets, 1720 (which we just missed last week) and an immediate level of 1797 first and then 1810.

All the levels are on the charts, supports, resistance, trends etc. Please add them to your charts and use them, you can see they work very well.

We'll be back tomorrow. Wishing everyone another successful trading week ahead.

KOG