A rare day for us today even though we got the level for the short from above, we activated again, and due to everything lining up confirming the short into the lower order region where we wanted to bounce, we took it. Gold, had other plans, engulfing upside resulting in us having to SL the trade. It then went on to break above and complete our daily targets.
You win some, you lose some!
Now, we have support below at the 3410 region which will need to break to change short-term structure, while there is the order region above 3430-35 which could hold price and accumulate. All our bullish targets for the day are completed, we just wanted lower to then go higher.
If lower support can be targeted and held, we could see a move higher into the 3345-50 region before then a reaction in price. I'm still not happy with this move, something doesn't quite look right, so let's play it day by day.
RED BOXES:
Break above 3395 for 3404✅, 3410✅ and 3420✅ in extension of the move
Break below 3375 for 3368 and 3355 in extension of the move
As always, trade safe.
KOG
You win some, you lose some!
Now, we have support below at the 3410 region which will need to break to change short-term structure, while there is the order region above 3430-35 which could hold price and accumulate. All our bullish targets for the day are completed, we just wanted lower to then go higher.
If lower support can be targeted and held, we could see a move higher into the 3345-50 region before then a reaction in price. I'm still not happy with this move, something doesn't quite look right, so let's play it day by day.
RED BOXES:
Break above 3395 for 3404✅, 3410✅ and 3420✅ in extension of the move
Break below 3375 for 3368 and 3355 in extension of the move
As always, trade safe.
KOG
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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.