End of day update from us here at KOG:
We did not expect an open like that! Honestly, we were expecting a low volume day of ranging and choppy price action like last week, but from the get go, gold was off! It resistance the level we wanted, came down in to the 3370-5 level we wanted, gave us nearly 100pips, then continued to break through the bias level and complete all of our target prices. Because we didn't get the opportunity to short it, we only managed to capture some nice tap and bounces to walk away with an extremely good pip capture.
So, what now?
We have a red box break with the lower level 3335-40 open but price is struggling here just below 3350. Resistance is the 3365 level which would be a good target from that lower region as long as we support. We'll keep that path shown for now.
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
We did not expect an open like that! Honestly, we were expecting a low volume day of ranging and choppy price action like last week, but from the get go, gold was off! It resistance the level we wanted, came down in to the 3370-5 level we wanted, gave us nearly 100pips, then continued to break through the bias level and complete all of our target prices. Because we didn't get the opportunity to short it, we only managed to capture some nice tap and bounces to walk away with an extremely good pip capture.
So, what now?
We have a red box break with the lower level 3335-40 open but price is struggling here just below 3350. Resistance is the 3365 level which would be a good target from that lower region as long as we support. We'll keep that path shown for now.
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
Trade active
Pre-event range started so we'll protect and manage
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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.