Gold Spot / U.S. DollarUpdated THE KOG REPORT - Update
End of day update from us here at KOG:
Yesterday we wanted price to reject the high and come back into the order region 2830-5, which, did give us 50-80pips from the highlighted region, but the volume was too intense and drove price into the target we had without the pull back. We did manage to trade the red boxes on the scalps manually and got a decent return for the day before then hitting the Excalibur target.
Now we have resistance at the 2875 level with support at 2865, this is the level that needs to be watched, if it doesn't break, a retest of this high is on the cards before another attempt at correcting some of this move. We've taken a RIP from above as we're again too high here for a long in the Asia session.
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
Yesterday we wanted price to reject the high and come back into the order region 2830-5, which, did give us 50-80pips from the highlighted region, but the volume was too intense and drove price into the target we had without the pull back. We did manage to trade the red boxes on the scalps manually and got a decent return for the day before then hitting the Excalibur target.
Now we have resistance at the 2875 level with support at 2865, this is the level that needs to be watched, if it doesn't break, a retest of this high is on the cards before another attempt at correcting some of this move. We've taken a RIP from above as we're again too high here for a long in the Asia session.
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
Trade closed: target reached
We wanted this to come down from entry levels above which it did giving us a nice short. Support now 2850 with resistance 2875
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🟢 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.