End of day update from us here at KOG:
Gold continues the stretch after the break out of a long-term range. We have to be cautious here now as the measured move is slightly higher so a pull back is well overdue. We managed to stay above the region mentioned in the report and hit the targets we wanted completing the red box targets and targeting that high as mentioned. A pull back would have been nice however in order to load again.
Now, we have resistance above at the 3540-2 level and support 3420 which if held can take us higher into the 3555 level. We need to wait now for a structure to form if we're going to stay up here, otherwise, we'll look for the reversal as the liquidity indicators are showing extreme levels.
RED BOXES:
Break above 3480 for 3484✅ and 3490✅ and 3502✅ in extension of the move
Break below 3465 for 3459, 3455 and 3449 in extension of the move
As always, trade safe.
KOG
Gold continues the stretch after the break out of a long-term range. We have to be cautious here now as the measured move is slightly higher so a pull back is well overdue. We managed to stay above the region mentioned in the report and hit the targets we wanted completing the red box targets and targeting that high as mentioned. A pull back would have been nice however in order to load again.
Now, we have resistance above at the 3540-2 level and support 3420 which if held can take us higher into the 3555 level. We need to wait now for a structure to form if we're going to stay up here, otherwise, we'll look for the reversal as the liquidity indicators are showing extreme levels.
RED BOXES:
Break above 3480 for 3484✅ and 3490✅ and 3502✅ in extension of the move
Break below 3465 for 3459, 3455 and 3449 in extension of the move
As always, trade safe.
KOG
Trade closed: target reached
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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.