End of day update from us here at KOG:
An interesting day on gold and to be honest, the plan worked but the whipsawing only allowed us to scalp. Although we had a few decent scalps, we wanted it to go higher, then form a swing at 3320, which it broke above. This region now is one big accumulation, this is not as simple as enter and set TP, unless you're scalping. At the moment, we're above 3310 which is the level that needs to break to go down with a high of 3330 which is the level that needs to hold for us to go lower.
Our set up here is bearish, what we want is to try and capture the stop hunt from above rather than entering and having to watch this chop up and down, then go into drawdown. If it works, it works, if it doesn't, we'll come back next week.
On the chart are the two levels to look for a RIP! With it ranging like this we'll stick with these level and use the red boxes looking for the break!
As always, trade safe.
KOG
An interesting day on gold and to be honest, the plan worked but the whipsawing only allowed us to scalp. Although we had a few decent scalps, we wanted it to go higher, then form a swing at 3320, which it broke above. This region now is one big accumulation, this is not as simple as enter and set TP, unless you're scalping. At the moment, we're above 3310 which is the level that needs to break to go down with a high of 3330 which is the level that needs to hold for us to go lower.
Our set up here is bearish, what we want is to try and capture the stop hunt from above rather than entering and having to watch this chop up and down, then go into drawdown. If it works, it works, if it doesn't, we'll come back next week.
On the chart are the two levels to look for a RIP! With it ranging like this we'll stick with these level and use the red boxes looking for the break!
As always, trade safe.
KOG
Trade closed: target reached
Both levels completed here. Depending on how we go for the next few hours we may just call it a week here on gold. Frustrating but again, consistent and positive 
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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.