THE KOG REPORT - Monthly Chart update
Updated
Monthly Chart:
This is our monthly chart we use in Camelot, which we have shared occasionally with the wider community. We share it randomly so traders can see how we’re using this chart coupled with Excalibur and the intra-day charts to guide us through market on Gold and allow us to trade it where ever it goes.
Last update we shared, we said if the price targets that lower region support 1976 we felt there was an opportunity to again swing this high to target the all time highs on Gold. We then add the weekly, 4H and intra-day levels to get the right entries on the trades and then attack our target levels. As you can see on this chart, we achieved close to the support level and bounced nicely to then go back up to create the new all time high.
So, what’s next on this chart?
You can see we’ve completed the move higher and rejected back down. We’ve now boxed the potential range in which we’re looking for a breakout on this chart while it ranges and accumulates. Those lower question marks are there from a long time ago and are concerning for us, we still feel that these can be visited, so we need to entail caution on not getting to carried away just yet that we’re going to go further up. We will wait and see while we’ll trade it where ever it goes.
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 monthly chart we use in Camelot, which we have shared occasionally with the wider community. We share it randomly so traders can see how we’re using this chart coupled with Excalibur and the intra-day charts to guide us through market on Gold and allow us to trade it where ever it goes.
Last update we shared, we said if the price targets that lower region support 1976 we felt there was an opportunity to again swing this high to target the all time highs on Gold. We then add the weekly, 4H and intra-day levels to get the right entries on the trades and then attack our target levels. As you can see on this chart, we achieved close to the support level and bounced nicely to then go back up to create the new all time high.
So, what’s next on this chart?
You can see we’ve completed the move higher and rejected back down. We’ve now boxed the potential range in which we’re looking for a breakout on this chart while it ranges and accumulates. Those lower question marks are there from a long time ago and are concerning for us, we still feel that these can be visited, so we need to entail caution on not getting to carried away just yet that we’re going to go further up. We will wait and see while we’ll trade it where ever it goes.
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
Target complete, BOOM! Tap and bounce from the level
🔵 FREE TELEGRAM CHANNEL: t.me/KnightsofGold
🔴 TWITTER: twitter.com/knightsofgold2
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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.
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