We're still expecting a reversal at some point but don't feel it will be the flush we were looking for just yet. As we suggested on the Daily KOG Report there's a chance this can go towards the 1950-60 levels where the fractal shows it can start the decline.
However, we're approaching the end of the month and there is likely to be some profit taking over the coming sessions, especially Friday.
We're looking to only take shorts now from strong resistance levels. We're not going to hold these shorts for long, rather looking for lower targets of 1880 and below that 1865.
This was our earlier analysis which played out pretty well:
We're looking for a move as above. We have a target at around 1913 which can extend to 1917. At this region we're going to test the short down towards 1900-1895.
This will be based on successful resistance above, if we see bullish candles trying to break or breaking through that zone we won't enter.
However, we're approaching the end of the month and there is likely to be some profit taking over the coming sessions, especially Friday.
We're looking to only take shorts now from strong resistance levels. We're not going to hold these shorts for long, rather looking for lower targets of 1880 and below that 1865.
This was our earlier analysis which played out pretty well:
We're looking for a move as above. We have a target at around 1913 which can extend to 1917. At this region we're going to test the short down towards 1900-1895.
This will be based on successful resistance above, if we see bullish candles trying to break or breaking through that zone we won't enter.
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🔴 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.
🔵 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.