Gold Spot / U.S. DollarUpdated THE KOG REPORT
THE KOG REPORT
In last week’s KOG Report we said we would be looking for the deeper pull back from the open and then hunt the long trades into the levels we published as our bias and red box targets. We managed to get the short early part of the week into the level we wanted 2730-35 giving us the long trade and a phenomenal pip capture.
We then published the FOMC KOG REPORT and stated a similar scenario, only this time expecting price to give us an undercut low before then resuming the move into all time highs. Price didn’t capture the liquidity from below enabling traders to keep positions from below and then carry trades up completing every target level down and up for the week!
A fantastic week in Camelot and for those who followed, not only on Gold but all the other pairs we trade and analyse, completing 28 targets during and high volatility and demanding week. Well done to the team!
So, what can we expect in the week ahead?
We’re looking for two potential moves this week to start with. Ideally, we want to see the market open, test that high around the 2810-7 region and see a rejection there. If we can get that RIP there we feel the move downside can commence firstly into the 2775 region and below that 2755-60. That’s the level for us to watch for a potential long trade back up but we’ll treat it level to level unless the 2890-95 region is broken.
Our target level of 2828 is still active, however, we would again like to see a deeper pull back before attempting that long trade as we’re too high and It’s too dangerous up here.
On the flip, if we break above that 2810 level and can hold above it, we’ll be looking to complete our target level and based on a clean set up, a potential swing short for the bigger capture may come from up there.
Crucial level here is 2790 which has been circled on the chart, it’s likely they will use this level as a key level for this 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
In last week’s KOG Report we said we would be looking for the deeper pull back from the open and then hunt the long trades into the levels we published as our bias and red box targets. We managed to get the short early part of the week into the level we wanted 2730-35 giving us the long trade and a phenomenal pip capture.
We then published the FOMC KOG REPORT and stated a similar scenario, only this time expecting price to give us an undercut low before then resuming the move into all time highs. Price didn’t capture the liquidity from below enabling traders to keep positions from below and then carry trades up completing every target level down and up for the week!
A fantastic week in Camelot and for those who followed, not only on Gold but all the other pairs we trade and analyse, completing 28 targets during and high volatility and demanding week. Well done to the team!
So, what can we expect in the week ahead?
We’re looking for two potential moves this week to start with. Ideally, we want to see the market open, test that high around the 2810-7 region and see a rejection there. If we can get that RIP there we feel the move downside can commence firstly into the 2775 region and below that 2755-60. That’s the level for us to watch for a potential long trade back up but we’ll treat it level to level unless the 2890-95 region is broken.
Our target level of 2828 is still active, however, we would again like to see a deeper pull back before attempting that long trade as we’re too high and It’s too dangerous up here.
On the flip, if we break above that 2810 level and can hold above it, we’ll be looking to complete our target level and based on a clean set up, a potential swing short for the bigger capture may come from up there.
Crucial level here is 2790 which has been circled on the chart, it’s likely they will use this level as a key level for this 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
Trade active
2795
2775
2785
2777
Completed so far
Trade closed: target reached
2828 TARGET HIT BOOM!
🔵 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.