End of day update from us here at KOG:
In yesterdays update we said we would be looking for a deeper move into that 2005-8 region as a target as long as price stayed under the flipped resistance level. So, we've seen some move on Gold completing the Excalibur targets below but so far holding below 2010.
We should see some exhaustion on price in the early sessions so we'll stick with the lower support level for now as a potential region for a reaction in price. Break of 2016 the region of 2020-25 is key level for now!
Wouldn't short it down here, it's too risky!
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 yesterdays update we said we would be looking for a deeper move into that 2005-8 region as a target as long as price stayed under the flipped resistance level. So, we've seen some move on Gold completing the Excalibur targets below but so far holding below 2010.
We should see some exhaustion on price in the early sessions so we'll stick with the lower support level for now as a potential region for a reaction in price. Break of 2016 the region of 2020-25 is key level for now!
Wouldn't short it down here, it's too risky!
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
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🟡 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.