End of day update from us here at KOG:
Although many were anticipating a strong move upside on the open, we stuck to our guns and the algo which gave us the bias level as bearish below. Although we wanted a little bit higher, this worked well today with nearly all our bearish below target being completed again in one day apart from the remaining 3380.
For this reason, we'll stick with the plan for now with resistance now being the 3406 level which if held can force us down further into the level given before a potential RIP. With FOMC around the corner, we can expect some choppy and ranging price action tomorrow so tread carefully on the markets if you're less experienced.
KOG’s bias of the week:
Bearish below 3465 with targets below 3425✅, 3420✅, 3410✅ and 3406✅
Bullish on break of 3465 with targets above 3477, 3485, 3492, 3495 and 3503
Red Boxes:
Break above 3435 for 3443, 3448, 3465 and 3476 in extension of the move
Break below 3420 for 3410✅, 3406✅, 3397✅, 3385✅ and 3380 in extension of the move
As always, trade safe.
KOG
Although many were anticipating a strong move upside on the open, we stuck to our guns and the algo which gave us the bias level as bearish below. Although we wanted a little bit higher, this worked well today with nearly all our bearish below target being completed again in one day apart from the remaining 3380.
For this reason, we'll stick with the plan for now with resistance now being the 3406 level which if held can force us down further into the level given before a potential RIP. With FOMC around the corner, we can expect some choppy and ranging price action tomorrow so tread carefully on the markets if you're less experienced.
KOG’s bias of the week:
Bearish below 3465 with targets below 3425✅, 3420✅, 3410✅ and 3406✅
Bullish on break of 3465 with targets above 3477, 3485, 3492, 3495 and 3503
Red Boxes:
Break above 3435 for 3443, 3448, 3465 and 3476 in extension of the move
Break below 3420 for 3410✅, 3406✅, 3397✅, 3385✅ and 3380 in extension of the move
As always, trade safe.
KOG
Trade closed: target reached
This move is complete
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🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔵 FREE TELEGRAM CHANNEL: t.me/KnightsofGold
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.