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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://www.tradingview.com/chart/XAUUSD/GEKQVLaL-THE-KOG-REPORT-Update/
Wanted a bounce from the region but 200MA on the hourly was in the way which gave us the support needed for the push upside. Not as perfect as we usually like but it's moved the way we wanted
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Resistance here at 2655 with support 2647
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Resistance here at 2655 with support 2647
Resistance held us well giving the move down into the support region here. Red boxes indicator working like a dream for the scalps. If we break through here we'll see lower support 2640 again. Our strategy is showing us 2642 so we won't be looking to long at the moment just in case we get that move further down. MA's close together, US Session is on the horizon, let's see what they bring. For now, long up, scalp short down, that's a decent day
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Gold continues to chop up and down, nothing exciting apart from playing the levels. We've done what we needed to, let the market junkies take over now and feed the algo's.
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Support here is 2655 which will need to break while the bias level is still in tact and higher resistance is 2665.
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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Red boxes which were shared yesterday. We'll release the new ones tomorrow.
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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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