End of day update from us here at KOG:
Although our plan to short from the initial level didn't work as the level was broken through, the 2nd level gave us a scalp for a decent capture. Today we shared the long trade with the wider community, again giving a nice return, and that was enough on gold for the day.
We're a little stretched now and going long can be a bit risky with this 3390-95 region accumulating and starting to draw the mean upside. For that reason we've highlighted the potential range with support below at the 3360-5 level and resistance 3420 and above that 3431. These higher levels if attacked before a retracement we feel may give the opportunity to take the short, otherwise, support below holds, we're active above.
A break below 3385 is needed to go lower!
Red boxes:
Break above 3235 for 3243✅, 3245✅, 3247✅, 3252✅ and 3270✅ in extension of the move
Break below 3220 for 3210, 3206, 3196, 3188 and 3179 in extension of the move
As always, trade safe.
KOG
Although our plan to short from the initial level didn't work as the level was broken through, the 2nd level gave us a scalp for a decent capture. Today we shared the long trade with the wider community, again giving a nice return, and that was enough on gold for the day.
We're a little stretched now and going long can be a bit risky with this 3390-95 region accumulating and starting to draw the mean upside. For that reason we've highlighted the potential range with support below at the 3360-5 level and resistance 3420 and above that 3431. These higher levels if attacked before a retracement we feel may give the opportunity to take the short, otherwise, support below holds, we're active above.
A break below 3385 is needed to go lower!
Red boxes:
Break above 3235 for 3243✅, 3245✅, 3247✅, 3252✅ and 3270✅ in extension of the move
Break below 3220 for 3210, 3206, 3196, 3188 and 3179 in extension of the move
As always, trade safe.
KOG
Trade closed: target reached
Nice short straight into the level we wanted, TAP AND BOUNCE from there for the scalp long.Not a bad day at all
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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.