THE KOG REPORT - Update
End of day update from us here at KOG:
It's been a decent week on the KOG Report with the plan working well and the Red boxes playing price almost perfectly. It's that higher Red box that is acting as resistance at the moment and giving opportunities to capture the short, but for how long? NFP couldn't break above the high and a rejection is now stretching those who targeted 2900 above 2875, meanwhile, our red box target levels 2883 and 2887 completed on the break of 2875.
We do have a higher target on Gold, but as per the NFP report posted earlier, we either want to short from above, or long from lower down. In the middle, we have support 2850 that needs to break and resistance now at 2875 which will need to break to go higher. For now, bias level targets did well as well as the Red box targets shared with the wider community.
Wishing you all a great weekend ahead, and we'll see you on Sunday for the KOG Report and our view for the week.
KOG’s Bias for the week:
Bearish below 2810 with targets below 2795✅, 2775✅ and below that 2755.
Bullish on break of 2810 with targets above 2820✅, 2824✅, 2828✅ and above that 2835✅
RED BOXES:
Break of 2810 for 2815✅, 2818✅, 2828✅, 2830✅ and 2834✅ in extension of the move
Break of 2790 for 2785✅, 2877✅, 2765 and 2755 in extension of the move
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
It's been a decent week on the KOG Report with the plan working well and the Red boxes playing price almost perfectly. It's that higher Red box that is acting as resistance at the moment and giving opportunities to capture the short, but for how long? NFP couldn't break above the high and a rejection is now stretching those who targeted 2900 above 2875, meanwhile, our red box target levels 2883 and 2887 completed on the break of 2875.
We do have a higher target on Gold, but as per the NFP report posted earlier, we either want to short from above, or long from lower down. In the middle, we have support 2850 that needs to break and resistance now at 2875 which will need to break to go higher. For now, bias level targets did well as well as the Red box targets shared with the wider community.
Wishing you all a great weekend ahead, and we'll see you on Sunday for the KOG Report and our view for the week.
KOG’s Bias for the week:
Bearish below 2810 with targets below 2795✅, 2775✅ and below that 2755.
Bullish on break of 2810 with targets above 2820✅, 2824✅, 2828✅ and above that 2835✅
RED BOXES:
Break of 2810 for 2815✅, 2818✅, 2828✅, 2830✅ and 2834✅ in extension of the move
Break of 2790 for 2785✅, 2877✅, 2765 and 2755 in extension of the move
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
🔵 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.
🔵 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.