THE KOG REPORT - NFP
NFP – KOG Report:
This is our view for NFP tomorrow, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price.
We’ve done well with Gold so far with our bias and targets to the downside being completed. We suggested on the KOG Report that we’re a bit low in a region here to attempt shorting, unless scalping using the red box strategy which has done well. For NFP, we’re likely to sit out as we want to see where they take the price and close the daily and weekly candle. This we feel will determine whether to start longing the lows temporarily, or, to continue with the bias to the downside looking for a temporary bottom before an aggressive push up. Our Monthly, and weekly charts still show lower targets, but we’ll have to play it how we see it.
For this NFP, we’ll be looking at order regions and extreme levels only. If we don’t get them we’re happy to sit out and wait until next week where better setups are sure to arise. For new traders, we would suggest you don’t trade the event, rather wait until next week and then look for a good set up to get in.
We have the levels above order region 1830-35 which if held could represent an opportunity to short the market down into the lower levels below 1800 as illustrated on the chart. Please note, breaking below 1790 and we will suffer further losses before a technical retracement, breaking above the order region will take us in the next level above.
Above the first order region we have 1850-55 and 1860-8 in extension, these are the first resistance levels we will be looking at for a reaction in price to take this down. Again, breaking that level and the next region above which is preferred is 1880-85 which would represent an opportunity to short the market.
The reason they’re stretched is because the price is stretched, and unless we get a good return on our trade, we’re not interested in the noise. Please members, don't try and trade this up and down! Look for one level which fits with your analysis and strategy, wait for it and test it with a risk strategy in place. Those who think they will be able to long into one level, then short it back usually fail, unless they're experienced traders.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
This is our view for NFP tomorrow, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price.
We’ve done well with Gold so far with our bias and targets to the downside being completed. We suggested on the KOG Report that we’re a bit low in a region here to attempt shorting, unless scalping using the red box strategy which has done well. For NFP, we’re likely to sit out as we want to see where they take the price and close the daily and weekly candle. This we feel will determine whether to start longing the lows temporarily, or, to continue with the bias to the downside looking for a temporary bottom before an aggressive push up. Our Monthly, and weekly charts still show lower targets, but we’ll have to play it how we see it.
For this NFP, we’ll be looking at order regions and extreme levels only. If we don’t get them we’re happy to sit out and wait until next week where better setups are sure to arise. For new traders, we would suggest you don’t trade the event, rather wait until next week and then look for a good set up to get in.
We have the levels above order region 1830-35 which if held could represent an opportunity to short the market down into the lower levels below 1800 as illustrated on the chart. Please note, breaking below 1790 and we will suffer further losses before a technical retracement, breaking above the order region will take us in the next level above.
Above the first order region we have 1850-55 and 1860-8 in extension, these are the first resistance levels we will be looking at for a reaction in price to take this down. Again, breaking that level and the next region above which is preferred is 1880-85 which would represent an opportunity to short the market.
The reason they’re stretched is because the price is stretched, and unless we get a good return on our trade, we’re not interested in the noise. Please members, don't try and trade this up and down! Look for one level which fits with your analysis and strategy, wait for it and test it with a risk strategy in place. Those who think they will be able to long into one level, then short it back usually fail, unless they're experienced traders.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
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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.
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