FOMC – KOG Report:
This is our view for FOMC 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 these events can cause aggressive swings in price.
On Sunday’s KOG Report we said the report would only be applicable for the first half of the week due to FOMC today. We did well with this so will stick with some of the levels from the report for today. We’re going to keep this FOMC Report short this time as we’re not likely to be trading again until tomorrow. For those who are keen to get involved, we’ve highlighted the key levels to look for a reaction in price. The daily is showing a potential swing where a bullish move here can take it up towards testing the 2000 level and slightly above. For that reason, we’ve given the level on the break up towards 2005-8 with the initial hurdle being the 1980-85 level.
On the flip, 1975-80 is another level to keep an eye on. We’re not publishing the daily bias today, but this was yesterdays bearish below level with a rejection around here potentially leading to price first attacking the 1945 region and below the 1930-35 order region which was our initial target for the short trades.
Illustrated on the chart is the potential path, obviously with the swings, spikes and volatility expected please take it as a guide. We’ll only be looking for extreme levels in Camelot and that, as we said above is probably going to be in the sessions ahead.
If you’re new to trading, the trade will come after the event. Please try not to get involved in the pre-event price action, it’s going to chop you in the range before they make the move. Best practice is to come back to the markets tomorrow and look for a clean set up.
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 FOMC 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 these events can cause aggressive swings in price.
On Sunday’s KOG Report we said the report would only be applicable for the first half of the week due to FOMC today. We did well with this so will stick with some of the levels from the report for today. We’re going to keep this FOMC Report short this time as we’re not likely to be trading again until tomorrow. For those who are keen to get involved, we’ve highlighted the key levels to look for a reaction in price. The daily is showing a potential swing where a bullish move here can take it up towards testing the 2000 level and slightly above. For that reason, we’ve given the level on the break up towards 2005-8 with the initial hurdle being the 1980-85 level.
On the flip, 1975-80 is another level to keep an eye on. We’re not publishing the daily bias today, but this was yesterdays bearish below level with a rejection around here potentially leading to price first attacking the 1945 region and below the 1930-35 order region which was our initial target for the short trades.
Illustrated on the chart is the potential path, obviously with the swings, spikes and volatility expected please take it as a guide. We’ll only be looking for extreme levels in Camelot and that, as we said above is probably going to be in the sessions ahead.
If you’re new to trading, the trade will come after the event. Please try not to get involved in the pre-event price action, it’s going to chop you in the range before they make the move. Best practice is to come back to the markets tomorrow and look for a clean set up.
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 closed: target reached:
That's completed
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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.