End of day update from us here at KOG:
As mentioned yesterday, we were looking for the retracement into that 2920 level before another opportunity to short gold following our latest bias level targets and Excalibur. The move presented itself and although it was very choppy we completed the targets below.
We now have support below at the 2910 level with resistance again at 2920, for that reason, if we stay above the key level we're likely to see this want to settle around the circled region. We need to monitor this 2925-30 level again tomorrow, as a spike and rejection can cause another bearish day.
Morning review:
Price: 2914
KOG’s Bias of the day:
Bearish below 2935 with targets below 2910✅, 2900✅ and below that 2997✅
Bullish on break of 2935 with targets above 2942, 2945 and above that 2950
RED BOXES:
Break above 2916 for 2920, 2927 and 2935 in extension of the move
Break below 2910 for 2903✅, 2900✅ and 2893✅ in extension of the move
As always, trade safe.
KOG
As mentioned yesterday, we were looking for the retracement into that 2920 level before another opportunity to short gold following our latest bias level targets and Excalibur. The move presented itself and although it was very choppy we completed the targets below.
We now have support below at the 2910 level with resistance again at 2920, for that reason, if we stay above the key level we're likely to see this want to settle around the circled region. We need to monitor this 2925-30 level again tomorrow, as a spike and rejection can cause another bearish day.
Morning review:
Price: 2914
KOG’s Bias of the day:
Bearish below 2935 with targets below 2910✅, 2900✅ and below that 2997✅
Bullish on break of 2935 with targets above 2942, 2945 and above that 2950
RED BOXES:
Break above 2916 for 2920, 2927 and 2935 in extension of the move
Break below 2910 for 2903✅, 2900✅ and 2893✅ in extension of the move
As always, trade safe.
KOG
Trade closed: target reached
2920-25 is the level we wanted for the spike, 2920 hit and RIPPED! We've completed our Excalibur target for the swing short. 
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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.