KOG Report:
There were no KOG Reports for a couple of weeks, so we won’t start with the typical “In last week’s KOG Report”. We did however still keep our Camelot members active during our break with Merlin giving some fantastic trade targets and our bias working well. The plan was to short, the levels worked well, and the target level was reached. We then switched the bias to bullish above on Friday with the first target level 1929, which was also completed. Those who followed the free analysis shared will also have been presented with another short trade which we suggested should be taken level to level.
So, what can we expect in the week ahead?
We’re expecting a choppy week with some potential range bound movement in the early sessions. News in the latter half of the week is almost guaranteed to drive the markets, so please, as usual, make sure you have a good risk model in place and your lot sizes are sensible and in accordance with your account size.
We have lower levels of 1910-12 which was a previous level of interest on Gold, so any attempt at that level may see a reaction in price. That’s also the first level we will be looking for as a potential target for the short trades. Above, we have the first resistance level 1924-6 and above that 1930-35 order region. As you can see from the illustration, including the extension of the move into 1940-45 we’ll be looking at these levels for potential long trades, and then on the flip for hunting the short trade back down.
The ideal scenario here is to capture that long trade back up and then assess the markets if it gets there, to then short it back down based on a confirmed structure. Obviously, we will be looking for Excalibur activations to guide during the course of the week.
Please note, breaking below that support level will move the price into the lower liquidity regions first, before an attempt to recover.
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
There were no KOG Reports for a couple of weeks, so we won’t start with the typical “In last week’s KOG Report”. We did however still keep our Camelot members active during our break with Merlin giving some fantastic trade targets and our bias working well. The plan was to short, the levels worked well, and the target level was reached. We then switched the bias to bullish above on Friday with the first target level 1929, which was also completed. Those who followed the free analysis shared will also have been presented with another short trade which we suggested should be taken level to level.
So, what can we expect in the week ahead?
We’re expecting a choppy week with some potential range bound movement in the early sessions. News in the latter half of the week is almost guaranteed to drive the markets, so please, as usual, make sure you have a good risk model in place and your lot sizes are sensible and in accordance with your account size.
We have lower levels of 1910-12 which was a previous level of interest on Gold, so any attempt at that level may see a reaction in price. That’s also the first level we will be looking for as a potential target for the short trades. Above, we have the first resistance level 1924-6 and above that 1930-35 order region. As you can see from the illustration, including the extension of the move into 1940-45 we’ll be looking at these levels for potential long trades, and then on the flip for hunting the short trade back down.
The ideal scenario here is to capture that long trade back up and then assess the markets if it gets there, to then short it back down based on a confirmed structure. Obviously, we will be looking for Excalibur activations to guide during the course of the week.
Please note, breaking below that support level will move the price into the lower liquidity regions first, before an attempt to recover.
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: www.instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: www.instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
