THE KOG REPORT - Update
Updated
End of day update from us here at KOG:
Good start to what is expected to be a choppy week. Gold, as we suggested targeted the lower support region and gave the bounce that we wanted back up in to the level above. It was around this region we saw the lower support open up and traders had the opportunity to take the short trade back down. We did say take all trades level to level today and hopefully that has worked out well for you.
Now, we have support still standing at that 2320 price point keeps being used as a propeller to shift momentum, so we'll stick with the plan at the moment looking higher to get in to go lower. We've taken what we needed to today, scalps are easy from key levels but holding trades may cause traders some frustration. Keep it sensible and know the market conditions you're trading making sure you adapt accordingly.
Support 2320 bullish above still stands, resistance 2335 needs to break upside so we can get that 2340-45 region looking for potential RIPs, of course, based on a clean set up.
As always, trade safe.
KOG
Good start to what is expected to be a choppy week. Gold, as we suggested targeted the lower support region and gave the bounce that we wanted back up in to the level above. It was around this region we saw the lower support open up and traders had the opportunity to take the short trade back down. We did say take all trades level to level today and hopefully that has worked out well for you.
Now, we have support still standing at that 2320 price point keeps being used as a propeller to shift momentum, so we'll stick with the plan at the moment looking higher to get in to go lower. We've taken what we needed to today, scalps are easy from key levels but holding trades may cause traders some frustration. Keep it sensible and know the market conditions you're trading making sure you adapt accordingly.
Support 2320 bullish above still stands, resistance 2335 needs to break upside so we can get that 2340-45 region looking for potential RIPs, of course, based on a clean set up.
As always, trade safe.
KOG
Note
2320 held nicely with a little dip lower allowing us to place a SL just below the dip. Nice push up as planned and executed to perfection. Shared the red boxes to help you all with entries, hope you made good use of them
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🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
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