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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We're just shy of the 2382 target but we'll call that complete for now as we have Powell speaking again in less than an hour. Similar move to yesterday as a potential, for now, long bias and targets complete
Does look like it wants it though!!
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Forget about the higher arrow now. That's enough of a move to be content with. CPi later today, bound to move the markets, try and be out of positions and wait for them to move the price to where they want. Cash is a position in the markets.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Range high completed.
And there's the KOG Report target price. Took some chopping and changing but we've kept the right side, nice long from range low up, level completed.
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To be honest, with more news yesterday and with it being Friday, we're happy with that trade down which was identified late session yesterday. Now support below as per the KOG Report could give a temporary bounce, however, we'd only want to scalp if we're going to take it. We're now more interested in seeing where they close the daily and weekly candles so we can prepare for next week.