End of day update from us here at KOG:
Unfortunately our level of interest for the short didn't work out as we had hoped, instead Excalibur kept activating long and there was no sign of a reversal, so we continued with the bias target levels which as all but one now complete. Hopefully if you followed the bias levels shared you will have also stayed in the right direction.
Now, issue is where the price is stalling, 3030 support and 3035 resistance creating an order region while sentiment is extremely tipped to one side. For that reason, we're only looking for one move here if we don't pull back into the 3020 region. Above is 3040-45 which if targeted and held, we may test the short trade early session, but note, it's FOMC tomorrow, we can't expect a complete u-turn here, it will only likely be a short capture before we start seeing that pre-event price action.
Not much more to report other than the above, and below the targets active and completed.
KOG’s Bias of the day:
Bullish above 3010 with targets above 3030✅ and above that 3035✅
Bearish on break of 3010 with targets below 2997 and below that 2995
RED BOXES:
Break above 3035 for 3038✅, 3045 and 3050 in extension of the move
Break below 3020 for 3010, 3006 and 2998 in extension of the move
KOG’s bias for the week:
Bearish below 2995 with targets below 2970, 2965, 2955 and below that 2950
Bullish on break of 2995 with targets above 3003✅, 3006✅, 3010✅, 3016✅ and above that 3020✅
RED BOXES:
Break above 2995 for 2997✅, 3003✅, 3009✅, 3016✅ and 3021✅ in extension of the move
Break below 2980 for 2975, 2971, 2965, 2959, 2955 and 2945 in extension of the move
As always, trade safe.
KOG
Unfortunately our level of interest for the short didn't work out as we had hoped, instead Excalibur kept activating long and there was no sign of a reversal, so we continued with the bias target levels which as all but one now complete. Hopefully if you followed the bias levels shared you will have also stayed in the right direction.
Now, issue is where the price is stalling, 3030 support and 3035 resistance creating an order region while sentiment is extremely tipped to one side. For that reason, we're only looking for one move here if we don't pull back into the 3020 region. Above is 3040-45 which if targeted and held, we may test the short trade early session, but note, it's FOMC tomorrow, we can't expect a complete u-turn here, it will only likely be a short capture before we start seeing that pre-event price action.
Not much more to report other than the above, and below the targets active and completed.
KOG’s Bias of the day:
Bullish above 3010 with targets above 3030✅ and above that 3035✅
Bearish on break of 3010 with targets below 2997 and below that 2995
RED BOXES:
Break above 3035 for 3038✅, 3045 and 3050 in extension of the move
Break below 3020 for 3010, 3006 and 2998 in extension of the move
KOG’s bias for the week:
Bearish below 2995 with targets below 2970, 2965, 2955 and below that 2950
Bullish on break of 2995 with targets above 3003✅, 3006✅, 3010✅, 3016✅ and above that 3020✅
RED BOXES:
Break above 2995 for 2997✅, 3003✅, 3009✅, 3016✅ and 3021✅ in extension of the move
Break below 2980 for 2975, 2971, 2965, 2959, 2955 and 2945 in extension of the move
As always, trade safe.
KOG
Trade active
Patience pays, nice entry region here on Gold. Traders should manage and protect trades here with resistance on the flip 3030 an support 3020Trade closed: target reached
BOOM!
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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.