THE KOG REPORT:
In last week’s KOG Report we said we would be looking for a test of that 3250 level, then looking for the short into the target level given. This move played out well giving our traders a great start to the week. We then identified the level we wanted as the bias level, gave the bias as bullish above and the targets to go with it. All targets were completed and we managed to end the week with a mega capture on gold.
So, what can we expect in the week ahead?
Simple one this week. We would like to see how price adapts to the new range, and due to the slight stretch, we would say caution on long trades until we can see a support level confirmed. Our indi’s are suggesting a further move upside, so we would like to see an attack on that 3350-55 level first, which is where we may get a pull back, and then an attempt at higher pricing as shown on the chart.
We want to look to those higher resistance levels as potential short opportunities if visited first. Otherwise, we’ll look lower for the long trade again and as long as the set up presents itself, we’ll test the levels.
Due to news over the weekend and it being a bank holiday weekend, all of the above is subject to change as there are likely to be gaps on market open. Let’s see how it plays out, levels are levels!
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
In last week’s KOG Report we said we would be looking for a test of that 3250 level, then looking for the short into the target level given. This move played out well giving our traders a great start to the week. We then identified the level we wanted as the bias level, gave the bias as bullish above and the targets to go with it. All targets were completed and we managed to end the week with a mega capture on gold.
So, what can we expect in the week ahead?
Simple one this week. We would like to see how price adapts to the new range, and due to the slight stretch, we would say caution on long trades until we can see a support level confirmed. Our indi’s are suggesting a further move upside, so we would like to see an attack on that 3350-55 level first, which is where we may get a pull back, and then an attempt at higher pricing as shown on the chart.
We want to look to those higher resistance levels as potential short opportunities if visited first. Otherwise, we’ll look lower for the long trade again and as long as the set up presents itself, we’ll test the levels.
Due to news over the weekend and it being a bank holiday weekend, all of the above is subject to change as there are likely to be gaps on market open. Let’s see how it plays out, levels are levels!
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
Trade closed: target reached
That's the level we wanted to see attacked. Price stalling here now, let's see if we get a RIP
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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.