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Regards,

KOG

13:30GMT - NFP today.

We'll be on the screens closer to the time looking for clues. We'll share our analysis later this morning

This is just an idea of our thoughts on NFP. No one can predict the move, however we can only try to do our best to estimate what we think will happen.

Excalibur has left us an indication of the price levels of 1834 and we have a lower level of 1770. We're expecting this to either push down slightly towards 1801-4 then push back up towards 1835 and then potentially do the drop.

The flip side to that is that this goes up straight into the KOG zone of 1835-40 then comes down towards 1800. If this is the case then we should expect this to go higher next week. Ideal scenario here is that it completes the move up and next week we can short this down towards our lower targets.

We would not recommend anyone to trade this unless you're an experienced trader. The moves usually don't give you an opportunity to think about your position and are there to catch you out.

KOG

This is just an idea, not a signal. It is recommended you DONT trade this event as the risk is extremely high.

EDITED. Don't trade the event. Not trade the event

Excalibur target 1834 hit! Lets see what it does here.

We're not selling this yet

Weekly XAUUSD - From last week. Entering weekly demand, remember the box? We mentioned it nearly two months ago! 1821 was the level which we have surpassed. Now we're close to this hopefully turning around.

Members, remember we're not a signal service. Ultimately you are responsible for your trades, entering and exiting where you want is up to you. We're providing analysis on what we think is happening and going to happen on the pairs we analyse and trade. All we want is for traders to learn from us, trade safely and protect their money.

We're done for the week. Doesn't look like Gold will do much for the remainder of the session. Support stands at 1822-25 and then 1810-12. Please trade safely and manage your risk if you've entered short. We can see this going a little higher but that looks like it will happen next week now. Hopefully we'll range around here until Monday when we can look at it again and decide what to do. As always, we'll share our analysis over the weekend.

Wishing everyone a great weekend.

XAUUSD Updated chart. Rejection not far from our identified Excalibur level. As we said, we'll wait for Monday.

AUDUSD - Update:

We came out of this trade as the stop was hit. The trade still went to our Excalibur level

Members. We'll have to post this from time to time. We'll be back tomorrow with the weekly KOG report.

Wishing everyone a great weekend.

KOG

https://uk.tradingview.com/chart/XAUUSD/ckpCGAzO-XAUUSD-Weekly-KOG-Report/

Weekly KOG report has been published on TradingView for those who want an early preview.

Your likes, shares, comments and support are very much appreciated.

Daily charts are coming later today.

KOG

Last week we suggested we were expecting a pullback towards the 1760-65 level before the price resuming its bullish move. We got 1756 as support which isn’t far off! We then encountered the move we were expecting, the levels of 1808-12 was a Excalibur target identified on the 22nd of April. We also said we could see an extension of this to the 1820-23 level which mentioned a few weeks ago, the market played out just as we analysed again.

This week:

Weekly candle is extremely bullish , we would expect any pullback to be towards the 1820-16 levels and below that the 1795-1801 levels. Just as we analysed a month ago the pattern is now complete now so we’re not expecting ATHs. We identified a potential 5th wave which is also complete according to our KOG theory however, we rejected at weekly demand. It wouldn’t surprise us to see this push up a little further into the 1850-60 range to give buyers some more hope.

1850-60 is key here as there is something we’re monitoring on the monthly charts which suggests this could be the turning point for Gold . We still have our lower targets of 1720 and 1647 but its too early to start thinking about those at the moment. As usual, we won’t know until we begin the week and we analyse the smaller timeframes to pick our trades. We’re not planning on longing the market unless we get a deep pullback which we will now look at on the daily chart .

Support:

1820-15
1800-1795

Resistance:

1850-60
1875-1885

We’ve highlighted two areas of interest here. The level below of 1808-12 which was our previous KOG target and the level of around 1870. 1808-12 could now act as a resistance level and the higher level of 1870 could be a potential target. You will see on the chart that we’ve also arrowed an even lower level of 176-65. This is where the market can go down to if it really wants to show some cruelty to buyers. In this scenario, as long as we don’t hit the higher targets first we would want to bid at this level for a nice long opportunity.

We will need to monitor this on opening and during the first few sessions of the week. We’re still expecting this to go higher, for that reason we didn’t short along with many other analyst on Friday. You can see from Fridays close now why we didn’t think it was worth shorting it in the hope of a few pips.

Support:

1830
1808
1794

Resistance:

1847-50
1875-80

We're going to change it up a bit this week. We're sharing some trade ideas for other pairs. These are just trade ideas and targets that have been identified. We'll go into more depth over the course of the week.

As always, trade safely, use a sensible stop loss and always manage your trade.