THE KOG REPORT:
In last week’s KOG Report we shared the NFP chart and the KOG Report chart for the wider community. We said we would be looking for price to support below at the red box and then push upside into the higher levels and the red box targets. We also suggested the shorting region and the target level for that trade which as you can see worked well playing level to level, point to point. We also completed all of our target levels without the breach and even though it was choppy, we completed numerous Excalibur targets in Camelot.
A decent week not only on Gold but also the other pairs we trade an analyse.
So, what can we expect in the week ahead?
I have indications of higher pricing, however, how low can the take it before they then attempt higher? For that reason, let’s stick with the 4H as this the most effective for our strategy and analysis and lets look at the key levels!
We have the level above 3408-11 which is a reasonable target for this move, but there is red box defence there which will need to be attempted and broken to go higher. If we resist at that level with extension level 3430-5, there is a chance we can correct the move all the way back down into the 3350-40 levels before we again get an opportunity to capture that long trade!
We have no news tomorrow so again, more of a chop and ranging price action is on the cards, with the support level being 3375-70 for the Asian session and resistance being the 3408-11 level. My Red box indi’s are stretched, my daily liquidity indicator is stretched, so I would say please play caution on the markets as they are extremely fragile at the moment.
KOG’s Bias for the week:
Bullish above 3365 with targets above 3408, 3410, 3415 and above that 3420
Bearish below 3365 with targets below 3359, 3355, 3350 and below that 3345
RED BOX TARGETS: (You can see how effective these are so please make use of these together with the analysis and bias we share. It all goes together, without PRICE ACTION knowledge you only have hope)
Break above 3406 for 3407, 3410, 3420, 3429, 3430 and 3435 in extension of the move
Break below 3395 for 3393, 3385, 3380 and 3370 in extension of the move
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
In last week’s KOG Report we shared the NFP chart and the KOG Report chart for the wider community. We said we would be looking for price to support below at the red box and then push upside into the higher levels and the red box targets. We also suggested the shorting region and the target level for that trade which as you can see worked well playing level to level, point to point. We also completed all of our target levels without the breach and even though it was choppy, we completed numerous Excalibur targets in Camelot.
A decent week not only on Gold but also the other pairs we trade an analyse.
So, what can we expect in the week ahead?
I have indications of higher pricing, however, how low can the take it before they then attempt higher? For that reason, let’s stick with the 4H as this the most effective for our strategy and analysis and lets look at the key levels!
We have the level above 3408-11 which is a reasonable target for this move, but there is red box defence there which will need to be attempted and broken to go higher. If we resist at that level with extension level 3430-5, there is a chance we can correct the move all the way back down into the 3350-40 levels before we again get an opportunity to capture that long trade!
We have no news tomorrow so again, more of a chop and ranging price action is on the cards, with the support level being 3375-70 for the Asian session and resistance being the 3408-11 level. My Red box indi’s are stretched, my daily liquidity indicator is stretched, so I would say please play caution on the markets as they are extremely fragile at the moment.
KOG’s Bias for the week:
Bullish above 3365 with targets above 3408, 3410, 3415 and above that 3420
Bearish below 3365 with targets below 3359, 3355, 3350 and below that 3345
RED BOX TARGETS: (You can see how effective these are so please make use of these together with the analysis and bias we share. It all goes together, without PRICE ACTION knowledge you only have hope)
Break above 3406 for 3407, 3410, 3420, 3429, 3430 and 3435 in extension of the move
Break below 3395 for 3393, 3385, 3380 and 3370 in extension of the move
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
🔵 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.
🔵 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.