Right now we're on the sidelines, we could have gone long on Gold but our strategy isn't showing us a signal as yet.
Want to go long here, initial target is 1855 with a view for 1865. Only using 1% risk. Will give more details in a couple of hours. If you follow be sensible with your stop loss.
Optimal entry on this trade would be 1848 so we're also looking for a small pullback
Optimal entry on this trade would be 1848 so we're also looking for a small pullback
1855 complete. Nice quick trade to start the day.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
We're approaching 1848. Looking for a bottom here, we need strong support, we're target 1865. Small lot, tight stop
We're getting ready to sign off. This trade is active but it's going against us at the moment.
We will hold it until it either hits the target or stops out. If you followed us be sensible with your stop loss.
We will hold it until it either hits the target or stops out. If you followed us be sensible with your stop loss.
Spoke too soon!! If you entered with us you should be in profit now 👍🏼
Stop moved to just above entry. See you tomorrow
Quick note.
Right now Gold looks like it's going to go and test the lows again and fill the wick of the spike down. We're waiting patiently, no need to try and capture a few pips with high risk.
It's formed a pattern on the chart which we are monitoring closely.
Let's wait and see if a highly probable setup comes up in the next few hours.
If you like the group and analysis please share with your friends and fellow traders.
Knights of Gold
Right now Gold looks like it's going to go and test the lows again and fill the wick of the spike down. We're waiting patiently, no need to try and capture a few pips with high risk.
It's formed a pattern on the chart which we are monitoring closely.
Let's wait and see if a highly probable setup comes up in the next few hours.
If you like the group and analysis please share with your friends and fellow traders.
Knights of Gold
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Quick note. Right now Gold looks like it's going to go and test the lows again and fill the wick of the spike down. We're waiting patiently, no need to try and capture a few pips with high risk. It's formed a pattern on the chart which we are monitoring…
So we got the wick fill below and our entry is still active. As mentioned, it's stop is just above entry now so we'll hold until we hit the target or it triggers the stop. Either way it's risk free.
Now we want to see support at 1855-50 or there about and we're on our way to our target
Now we want to see support at 1855-50 or there about and we're on our way to our target
Reminder:
Our good friend and a very good analyst also has a group on telegram. Daily, weekly key levels and analysis are fantastic. Highly recommended by us
Our good friend and a very good analyst also has a group on telegram. Daily, weekly key levels and analysis are fantastic. Highly recommended by us
Our buy entry hit it's stop with a small profit
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Our plan for today: We're waiting for a retracement to around 1844-46 to Short the market with a target of 1832. It could go lower towards 1820 from there but we're happy with 1830 if it goes there. If we get good support around the lower area we're going…
5pips away from our stop. We're still in it but momentum is strong. If it hits it hits, tomorrow is another day