KOG Report – NFP
This is our view for NFP today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price.
For today’s NFP Report we’re going to keep it simple. We will be taking aspects of the KOG Report which was published on Sunday and looking for the move we ideally wanted to complete. We will use the extreme key levels to look for reactions in price including the order regions.
We have support at 1701-3 and resistance at 1715-18 which is just outside the immediate range. Remember, the move always comes after the event, let them move it to where they want to long or short it, wait for strong support/resistance and then test the level with your trade into your identified target.
Scenario 1:
If they push the price up into the higher resistance levels we will look for a reaction and possibly test the short trade into the lower levels of 1690 and below that 1680-70. This lower level is where we feel they could terminate the move and we may see a reaction and bounce.
Scenario 2:
If they push the price down, we will wait for that lower level of 1660-75 where we want to see it find support. Based on support here the long trade is a preferable hold to take up above 1730+.
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
This is our view for NFP today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price.
For today’s NFP Report we’re going to keep it simple. We will be taking aspects of the KOG Report which was published on Sunday and looking for the move we ideally wanted to complete. We will use the extreme key levels to look for reactions in price including the order regions.
We have support at 1701-3 and resistance at 1715-18 which is just outside the immediate range. Remember, the move always comes after the event, let them move it to where they want to long or short it, wait for strong support/resistance and then test the level with your trade into your identified target.
Scenario 1:
If they push the price up into the higher resistance levels we will look for a reaction and possibly test the short trade into the lower levels of 1690 and below that 1680-70. This lower level is where we feel they could terminate the move and we may see a reaction and bounce.
Scenario 2:
If they push the price down, we will wait for that lower level of 1660-75 where we want to see it find support. Based on support here the long trade is a preferable hold to take up above 1730+.
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.
