End of day update from us here at KOG:
As anticipated in the morning review, low volume day which resulted in this range still in play and price just making the sideways up and down move.
That's where we stand at the moment with no break above the red box for higher pricing at the moment. We managed to bag 3 decent set ups of 50pips each but we didn't get the move we wanted.
We have highlighted the key areas now and if you look closely on the hourly, we're in slight triangle formation. The range has also been drawn on the chart so we'll wait for the break out now.
Support here 3365, while resistance stands at the 3385 level.
Not much more to report on gold unless we break above that red box.
As always, trade safe.
KOG
As anticipated in the morning review, low volume day which resulted in this range still in play and price just making the sideways up and down move.
That's where we stand at the moment with no break above the red box for higher pricing at the moment. We managed to bag 3 decent set ups of 50pips each but we didn't get the move we wanted.
We have highlighted the key areas now and if you look closely on the hourly, we're in slight triangle formation. The range has also been drawn on the chart so we'll wait for the break out now.
Support here 3365, while resistance stands at the 3385 level.
Not much more to report on gold unless we break above that red box.
As always, trade safe.
KOG
Trade closed: target reached
Target complete on this. Support now 3370 if held, retest is on the cards
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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.