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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FOMC today. Wait for the price to go where they want to take it, look for a clean set up, then enter the markets if you wish to trade.

The most amount of money is lost and accounts are blown during FOMC and NFP because traders are trying to capture the volume driven candles with large lots. They also get stuck in pre-event price action during the ranging and chop without using SL's. This is a recipe for disaster, large lots, small accounts, it only take s a small spike to blow your account. This is not trading, this is gambling!

Tonight the casino is open, the drinks are free to entice you, only you can have that discipline to sit and wait patiently for the right moment.
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FOMC, dealt with
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This is where we stand at the moment. The Report on Sunday is playing out pretty well with yesterdays FOMC Report failing to take the order region and continuing the move upside.
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I would suggest anyone long from below please protect and manage your trades, we have higher levels, however, price is really stretching out early sellers and a RIP from one of these resistance levels is on the cards! Our indicator is also flashing so caution on going long up here!! Bias level target 1 is active and not far away
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