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.
Done for the day:
Support 2315 / 2310 key level on the break
Resistance 2320 / 2330 key level on the break
MA's closing in together, accumulation in the range in progress.
Support 2315 / 2310 key level on the break
Resistance 2320 / 2330 key level on the break
MA's closing in together, accumulation in the range in progress.
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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.
This morning we took a long trade from 2303 up into the first region of 2310 resistance, and then activated long again which we're in with a target level slightly above. We've removed the bias for today as it's Friday, we've taken enough from the market to call it a week, and now we want to see where we close so that we can plan for the week ahead. IF, another decent set up presents itself, we'll share it with you all.