End of day update from us here at KOG:
We wanted to see the breakout but this doesn't seem sufficient enough as yet. Earlier in the session we got the bounce from the bias level giving traders a decent capture but not completing the bias level target. We then continued to complete the move downside which has worked well completing our first target and the hotspots where we got another bounce.
Now we have support at that extension level 2880-85 and resistance at 2895 which could be a possible target level for any retrace at the moment. The range is still in play, unless we engulf further downside we'll see this continue tomorrow leading up to the news releases on Weds and Thurs.
KOG’s Bias for the week:
Bullish above 2898 with targets above 2920, 2934 and above that 2945
Bearish on break of 2898 with targets below 2895✅, 2880✅, 2874 and below that 2868
RED BOXES:
Break above 2916 for 2920, 2925, 2929, 2933 and 2941 in extension of the move
Break below 2900 for 2885✅, 2876, 2870 and 2868 in extension of the move
As always, trade safe.
KOG
We wanted to see the breakout but this doesn't seem sufficient enough as yet. Earlier in the session we got the bounce from the bias level giving traders a decent capture but not completing the bias level target. We then continued to complete the move downside which has worked well completing our first target and the hotspots where we got another bounce.
Now we have support at that extension level 2880-85 and resistance at 2895 which could be a possible target level for any retrace at the moment. The range is still in play, unless we engulf further downside we'll see this continue tomorrow leading up to the news releases on Weds and Thurs.
KOG’s Bias for the week:
Bullish above 2898 with targets above 2920, 2934 and above that 2945
Bearish on break of 2898 with targets below 2895✅, 2880✅, 2874 and below that 2868
RED BOXES:
Break above 2916 for 2920, 2925, 2929, 2933 and 2941 in extension of the move
Break below 2900 for 2885✅, 2876, 2870 and 2868 in extension of the move
As always, trade safe.
KOG
Trade closed: target reached
Lovely trade early session
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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.