We didn't trade the move, too risky even with big kahunas it would be stupid to trade it. We still applied the algo though, we have to, to make sure we know what the markets attempting to do.
Every target smashed! 🤕
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
There's our first hotspot
Following on from yesterday, first hotspot lined up with the KOG Report region for a reversal and gave the move with slight extension above. Would say there is support here below now holding up price with resistance 2320
The KOG Report region. The problem we have now is, even after CPI and FOMC, we're still grinding sideways in this large consolidation. The higher levels can not be discounted and as long as these support levels hold, we're not ready to go down, instead, continue the larger range until the break
Forgot to mention, anyone short, please protect your trades and take partials
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
This was the range, these are the red boxes to help you today
Range break, back in Red box trade into red box
GOLD - PRE-NY Open (Camelot)
Ok, range held above, FBO, gave retest held and gave the short trade into the red box, in on that, make sure to protect take partials etc. Now we have to wait, 2302 break we continue with the KOG Report target levels so we'll hold. If they take it up and close us at BE, we'll wait higher, not interested in going long
Ok, range held above, FBO, gave retest held and gave the short trade into the red box, in on that, make sure to protect take partials etc. Now we have to wait, 2302 break we continue with the KOG Report target levels so we'll hold. If they take it up and close us at BE, we'll wait higher, not interested in going long
Quick update. As above, after 60pips we've closed at BE partials taken. Now we've flipped again within the range, support 2315 needs to break to go lower
Continue to hold, we'll be closer to 2340 on the close so please be careful out there.