THE KOG REPORT - Update
Updated
End of day update from us here at KOG:
Yesterday we said we would be looking for price to again target that 2365-68 level for the longs and potentially be looking there for a RIP to short. We then activated long Excalibur for higher so updated traders that the set up wasn't right, plus todays bias target level was 2380 and 2382. We got the flip and both free targets posted as well as our Excalibur target was completed on Gold.
We have now drawn a range box on the chart with the potential range until CPi tomorrow, which again is bound to move the markets. We have support 2370 and below that 2365 with the bias as bullish above 2350 on the extension of the move. Resistance stands at 2390 which was a key level for and a RIP region so keep an eye on it.
For now, we're out of Gold, likely we'll wait for CPI before getting into the markets again.
From Camelot this morning:
XAUUSD 10/07/24 1H
Support: 2365 / 2361 / 2355 / 2350 / 2347 / 2339 / 2335
Resistance: 2372 / 2378 / 2385 / 2390 / 2399
Price: 2373
KOGs Bias of the day:
Bullish above 2350 with targets above 2380 and above that 2382
Bearish on break of 2350 with target below 2335
Summary:
Slight accumulation around the 2370 region so we should play a bit of caution here, if it turns 2365 into support, we should see higher pricing starting with the 2380 region which is a crucial price point for Gold to cross to then confirm going higher. First resistance here 2375, if it pulls back watch 2365-8, if it holds, we should go higher.
As always, trade safe.
KOG
Yesterday we said we would be looking for price to again target that 2365-68 level for the longs and potentially be looking there for a RIP to short. We then activated long Excalibur for higher so updated traders that the set up wasn't right, plus todays bias target level was 2380 and 2382. We got the flip and both free targets posted as well as our Excalibur target was completed on Gold.
We have now drawn a range box on the chart with the potential range until CPi tomorrow, which again is bound to move the markets. We have support 2370 and below that 2365 with the bias as bullish above 2350 on the extension of the move. Resistance stands at 2390 which was a key level for and a RIP region so keep an eye on it.
For now, we're out of Gold, likely we'll wait for CPI before getting into the markets again.
From Camelot this morning:
XAUUSD 10/07/24 1H
Support: 2365 / 2361 / 2355 / 2350 / 2347 / 2339 / 2335
Resistance: 2372 / 2378 / 2385 / 2390 / 2399
Price: 2373
KOGs Bias of the day:
Bullish above 2350 with targets above 2380 and above that 2382
Bearish on break of 2350 with target below 2335
Summary:
Slight accumulation around the 2370 region so we should play a bit of caution here, if it turns 2365 into support, we should see higher pricing starting with the 2380 region which is a crucial price point for Gold to cross to then confirm going higher. First resistance here 2375, if it pulls back watch 2365-8, if it holds, we should go higher.
As always, trade safe.
KOG
Note
Potential range low held, giving a nice push upside. Forget the higher arrow now for a short, that is enough due to CPI later today
🔵 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.