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Meanwhile, it was Red box scalping day in Camelot, we're happy to sit and wait now.
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Quick update: We continue to range up here drawing the mean rather than attempting to attack support. Resistance stands at the 2873 level which needs to break for higher, while downside the median on the Red boxes is 2866 support. Awaiting the 15min close!
Lovely π₯
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Find us on:
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://www.tradingview.com/chart/XAUUSD/YK5r4RA3-THE-KOG-REPORT-Update/
RED BOX worked well as defence giving us the opportunity to short. We were expecting a test of the high and then another attempt, however, we managed to hold and hit the target level for the short. The bounce has given those who wanted to long a nice trade as well this session.
Now support 2850 with resistance above 2860-65, 2865 needs to break to go higher as per the red boxes
Now support 2850 with resistance above 2860-65, 2865 needs to break to go higher as per the red boxes
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
RED BOX worked well as defence giving us the opportunity to short. We were expecting a test of the high and then another attempt, however, we managed to hold and hit the target level for the short. The bounce has given those who wanted to long a nice tradeβ¦
HOT SPOT ON FIRE!
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