This is working out pretty well…We can see the trendline resistance running from 2009 at 1795 approaching. This is also a crucial turning point for Gold in previous years (Nov 11, Feb 12,Oct 12). We want to see how the price reacts at this level, IF it gets there! We have high targets on smaller timeframes of 1785, lower targets of 1720 and 1647 at the moment. We want to find a good opportunity to short it to the mentioned levels.
We’ve circled a potential target area around the 1820-27 mark. This is a KOG level we think the market can push up to just to get some more late buyers in to play before resuming a potential move downwards.
As always, these are just ideas based on our studies and analysis. We have additional tools that help us draw to conclusion but ultimately we should trade the markets how we see them.
We'll share our 1H trading ideas once the market opens and we see the setup that we have in mind confirmed.
Trade safe.
KOG
We’ve circled a potential target area around the 1820-27 mark. This is a KOG level we think the market can push up to just to get some more late buyers in to play before resuming a potential move downwards.
As always, these are just ideas based on our studies and analysis. We have additional tools that help us draw to conclusion but ultimately we should trade the markets how we see them.
We'll share our 1H trading ideas once the market opens and we see the setup that we have in mind confirmed.
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.