Gold Spot / U.S. DollarUpdated THE KOG REPORT - Update
End of day update from us here at KOG:
Not a bad day, we wanted lower, however, we saw the flip so short trades were break even after partials. We identified our intra-day levels, the bias fitted well and we gave the higher targets to our team which were all achieved for the day as well as our Excalibur targets and the manual trades on the red boxes.
So now we're a little higher than we anticipated and again in an order region which entails cautions. We would ideally like to see this pull back into the 2920 region and break back below it, however, if we do find support below, it's likely we will be targeting the higher levels again which if you look carefully, is the top of a forming range.
For now, we've taken more than enough, we want to see how this closes and how we open tomorrow.
From Camelot this morning:
KOG’s Bias of the day:
Bullish above 2902 with targets above 2920✅ and above that 2924✅
Bearish on break of 2902 with targets below 2894, 2887 and below that 2880
RED BOXES:
Break above 2916 for 2920✅, 2927✅ and 2930✅ in extension of the move
Break below 2902 for 2895 and 2890 and 2887 and 2882 in extension of the move
Summary:
There is a slight break on the red boxes with 2919-21 as an open target, Mi a little high however, so let’s keep an eye on the 15min and see if we can pull back into the 2907-10 region and support. I would say that’s today’s key level (2910) which if held should give us 2920✅, 2924✅ and 2929✅. There was a short yesterday, but the move didn’t complete so if protected and managed it would have broken even.
As always, trade safe.
KOG
Not a bad day, we wanted lower, however, we saw the flip so short trades were break even after partials. We identified our intra-day levels, the bias fitted well and we gave the higher targets to our team which were all achieved for the day as well as our Excalibur targets and the manual trades on the red boxes.
So now we're a little higher than we anticipated and again in an order region which entails cautions. We would ideally like to see this pull back into the 2920 region and break back below it, however, if we do find support below, it's likely we will be targeting the higher levels again which if you look carefully, is the top of a forming range.
For now, we've taken more than enough, we want to see how this closes and how we open tomorrow.
From Camelot this morning:
KOG’s Bias of the day:
Bullish above 2902 with targets above 2920✅ and above that 2924✅
Bearish on break of 2902 with targets below 2894, 2887 and below that 2880
RED BOXES:
Break above 2916 for 2920✅, 2927✅ and 2930✅ in extension of the move
Break below 2902 for 2895 and 2890 and 2887 and 2882 in extension of the move
Summary:
There is a slight break on the red boxes with 2919-21 as an open target, Mi a little high however, so let’s keep an eye on the 15min and see if we can pull back into the 2907-10 region and support. I would say that’s today’s key level (2910) which if held should give us 2920✅, 2924✅ and 2929✅. There was a short yesterday, but the move didn’t complete so if protected and managed it would have broken even.
As always, trade safe.
KOG
Trade closed: target reached
Decent move there during the Asia session giving us the support level near enough to where we wanted and completing the move in to the Excalibur target above
🔵 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.
Related publications
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.
Related publications
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.