THE KOG REPORT – NFP
This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price.
It’s been a decent week on the markets even with extreme movement we’ve managed to navigate the charts and end yesterday with a what looks like a full house of targets completed. For that reason, we have made the decision to not come back to the markets until next week. We’re sharing the levels, they are extreme, but it’s moving like there’s no tomorrow. Take it with a pinch of salt, less experienced traders, don’t even think about it. NFP and FOMC are the days most traders lose money and blow accounts, can you imagine what can happen during these market conditions.
Key level here 3135 to 3140, price needs to break above and support to target 3155-65, which in this scenario can be broken so above that the extreme level 3190-95.
Below, the break of 3110, this time could give us the breaker swing attempting to break and hold below 3000, this is what we ideally want to see, with price attempting to target that 3050 level again.
If it plays it plays, we’ll watch and the better trade set ups will come next week.
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 view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price.
It’s been a decent week on the markets even with extreme movement we’ve managed to navigate the charts and end yesterday with a what looks like a full house of targets completed. For that reason, we have made the decision to not come back to the markets until next week. We’re sharing the levels, they are extreme, but it’s moving like there’s no tomorrow. Take it with a pinch of salt, less experienced traders, don’t even think about it. NFP and FOMC are the days most traders lose money and blow accounts, can you imagine what can happen during these market conditions.
Key level here 3135 to 3140, price needs to break above and support to target 3155-65, which in this scenario can be broken so above that the extreme level 3190-95.
Below, the break of 3110, this time could give us the breaker swing attempting to break and hold below 3000, this is what we ideally want to see, with price attempting to target that 3050 level again.
If it plays it plays, we’ll watch and the better trade set ups will come next week.
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 active
Typo - Hold below 3100Trade closed: target reached
That's the level we wanted for the short trades!
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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.
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.