End of day update from us here at KOG:
Yesterday we wanted price to attempt that lower region and give us a reaction as shown on the chart which it did just shy off early session, giving traders the opportunity long from the circled region. We published the daily bias pre-NY and the target levels for the wider community and what a move we got. A pin point tap and bounce from the bias level giving gold the momentum it needed to complete the bias target levels and the Excalibur target levels.
For now, due to NFP around the corner, we would expect price to start the pre-event price action in the coming sessions, resulting in choppy and whipsawing price action that will lead to spikes in either direction. We have support below 2903 which if broken early session can lead to a further decline into the 2885 region before a reaction, while resistance above 2920 needs to hold us down.
We will insist traders please take it a little lighter on the markets now due to NFP, we've had a lot of action already, no need to get ourselves into situations leading up to the release.
From Camelot this morning:
KOG’s Bias of the day:
Bullish above 2895 with targets above 2925✅, 2930✅ and 2933 above that
Bearish on break of 2895 with targets below 2878
RED BOXES:
Break above 2925 for 2930✅, 2937 and 2941 in extension of the move
Break below 2916 for 2910✅ and 2907✅ in extension of the move
KOG’s bias for the week:
Bullish above 2847 with targets above 2865✅, 2871✅, 2876✅, 2880✅ and above that 2904✅
Bearish below 2847 with targets below 2840, 2835, 2830 and below that 2810
RED BOXES:
Break above 2860 for 2865✅, 2872✅, 2874✅, 2885✅ and 2900✅ in extension of the move
Break below 2847 for 2840, 2836, 2831, 2823 and 2810 in extension of the move
As always, trade safe.
KOG
Yesterday we wanted price to attempt that lower region and give us a reaction as shown on the chart which it did just shy off early session, giving traders the opportunity long from the circled region. We published the daily bias pre-NY and the target levels for the wider community and what a move we got. A pin point tap and bounce from the bias level giving gold the momentum it needed to complete the bias target levels and the Excalibur target levels.
For now, due to NFP around the corner, we would expect price to start the pre-event price action in the coming sessions, resulting in choppy and whipsawing price action that will lead to spikes in either direction. We have support below 2903 which if broken early session can lead to a further decline into the 2885 region before a reaction, while resistance above 2920 needs to hold us down.
We will insist traders please take it a little lighter on the markets now due to NFP, we've had a lot of action already, no need to get ourselves into situations leading up to the release.
From Camelot this morning:
KOG’s Bias of the day:
Bullish above 2895 with targets above 2925✅, 2930✅ and 2933 above that
Bearish on break of 2895 with targets below 2878
RED BOXES:
Break above 2925 for 2930✅, 2937 and 2941 in extension of the move
Break below 2916 for 2910✅ and 2907✅ in extension of the move
KOG’s bias for the week:
Bullish above 2847 with targets above 2865✅, 2871✅, 2876✅, 2880✅ and above that 2904✅
Bearish below 2847 with targets below 2840, 2835, 2830 and below that 2810
RED BOXES:
Break above 2860 for 2865✅, 2872✅, 2874✅, 2885✅ and 2900✅ in extension of the move
Break below 2847 for 2840, 2836, 2831, 2823 and 2810 in extension of the move
As always, trade safe.
KOG
Trade active
Red box range held the low so far giving the pin point long up for 100pips before tapping out. We won't test that level again now due to NFP tomorrow. 
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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.