End of day update from us here at KOG:
What a day for gold hitting a new all time high and once again completing all of our bias above bullish targets. Yesterday we suggested the pull back was on the cards and circled the level we wanted to target, the pull back wasn't exact but it worked and we witnessed the move upside surpassing the identified region and completing the highest bullish above target.
Now we're a little stretched, not really the place to short so we'll have to wait for the close. We have support at 2965 and resistance here 2985 and above that 2995! If we continue the push up over the Asian session, potential above for an Friday short, but we're close to 3000 GOLD so play caution. In all honesty, it's been a decent week, the sensible thing to do here is to await the weekly close.
Price: 2947
KOG’s Bias of the day:
Bullish above 2930 with targets above 2950✅, 2955✅ and 2957✅ above that
Bearish on break of 2930 with targets below 2920
RED BOXES:
Break above 2955 for 2957✅, 2960✅ and 2968✅ in extension of the move
Break below 2940 for 2935, 2931 and 2920 in extension of the move
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
What a day for gold hitting a new all time high and once again completing all of our bias above bullish targets. Yesterday we suggested the pull back was on the cards and circled the level we wanted to target, the pull back wasn't exact but it worked and we witnessed the move upside surpassing the identified region and completing the highest bullish above target.
Now we're a little stretched, not really the place to short so we'll have to wait for the close. We have support at 2965 and resistance here 2985 and above that 2995! If we continue the push up over the Asian session, potential above for an Friday short, but we're close to 3000 GOLD so play caution. In all honesty, it's been a decent week, the sensible thing to do here is to await the weekly close.
Price: 2947
KOG’s Bias of the day:
Bullish above 2930 with targets above 2950✅, 2955✅ and 2957✅ above that
Bearish on break of 2930 with targets below 2920
RED BOXES:
Break above 2955 for 2957✅, 2960✅ and 2968✅ in extension of the move
Break below 2940 for 2935, 2931 and 2920 in extension of the move
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
TARGET HIT!
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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.