Hope this is clear.
We're in what could be a symmetrical triangle. We've mentioined these before, we know that in most instances they give a false signal one way and then break the opposite direction. If this is the case we're looking for the immediate resistance levels to scale in on shorts.
Scenario 1:
We ideally want this to break all resistance levels, go up towards our KOG target and do the drop down over next week.
Scenario 2:
If this goes down first, we're looking for support below and then we'll expect this to resume its move upwards towards the KOG target.
This is Gold, its never going to be easy to trade as you've seen. Expect choppy price action and volatile movement in both directions to trigger orders and stops.
As always, trade safe.
KOG
We're in what could be a symmetrical triangle. We've mentioined these before, we know that in most instances they give a false signal one way and then break the opposite direction. If this is the case we're looking for the immediate resistance levels to scale in on shorts.
Scenario 1:
We ideally want this to break all resistance levels, go up towards our KOG target and do the drop down over next week.
Scenario 2:
If this goes down first, we're looking for support below and then we'll expect this to resume its move upwards towards the KOG target.
This is Gold, its never going to be easy to trade as you've seen. Expect choppy price action and volatile movement in both directions to trigger orders and stops.
As always, trade safe.
KOG
Trade active
Perfect reversal. Protecting the trade here
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🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔵 FREE TELEGRAM CHANNEL: t.me/KnightsofGold
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.