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.
We’re going to keep this really short this time as we’re on holiday and we’ve already seen most of the move we suggested in the KOG Report happen. So here a quick outlook for the rest of the day with the levels and what to look out for if NFP does move the market. We’ve seen quite a move yesterday and we’re now in the process of a retracement. We need to see if this retracement comes back down to at least test the 1855-50 price level or not. Right now we would suggest longs are risky unless 1850 holds as support which would give a good entry to take this back up to challenge the 1885-90 price level!
We’ll suggest one trade plan for today not looking for any reverse trades.
Price comes down into the 1850-55 price region and supports, this area we feel would represent a good opportunity to then take the long trade back up to target 1875, 1880 and above that 1885. Its Friday so no point trying to take a reverse trade from resistance levels. Please note that breaking the 1850 level to the downside and closing below it will again lead this to test the lower levels.
Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. 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.
We’re going to keep this really short this time as we’re on holiday and we’ve already seen most of the move we suggested in the KOG Report happen. So here a quick outlook for the rest of the day with the levels and what to look out for if NFP does move the market. We’ve seen quite a move yesterday and we’re now in the process of a retracement. We need to see if this retracement comes back down to at least test the 1855-50 price level or not. Right now we would suggest longs are risky unless 1850 holds as support which would give a good entry to take this back up to challenge the 1885-90 price level!
We’ll suggest one trade plan for today not looking for any reverse trades.
Price comes down into the 1850-55 price region and supports, this area we feel would represent a good opportunity to then take the long trade back up to target 1875, 1880 and above that 1885. Its Friday so no point trying to take a reverse trade from resistance levels. Please note that breaking the 1850 level to the downside and closing below it will again lead this to test the lower levels.
Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. 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.
