THE KOG REPORT:
In last week’s KOG Report we said we would be looking for the price to continue upside into the region given which gave us a fantastic capture for the start of the week. We then had to adapt as the bias level and targets on the red box indi changed suggesting more upside. We continued to complete all our bias above targets as well as Excalibur and LiTE giving us 100% again for the week!
It wasn’t easy as it sounds, it took a lot of work and constant monitoring but the pip capture on gold was out of this world and well worth it!
So, what can we expect from the week ahead?
For this week we seem to be creating a DB on the 4hr chart which entails caution. We have resistance just above at the 3330-35 with extension 3240-45 region which if attacked and rejected in the early session could give the potential short trade into the support level 3295-8 which is the key level that needs to break for us to go lower.
There is a lot of liquidity above, especially those who like us shorted and held trades from the 3450 levels so the bias this week changes to the 3350-55 level, break above and we will confirm the move higher, otherwise, our thoughts are a test is likely on the high but we would like to get that long from lower to again create a new ATH.
Let’s see how we open, these markets need to be adapted to every day so making long terms plans as intra-day traders isn’t on our agenda at the moment. The market is giving short term, so why not take advantage of the conditions while they last.
Potential for gaps on open so please be careful, we’re on red boxes and extreme levels only.
RED BOXES INDI LEVELS:
Break above 3320 for 3327, 3330, 3335, 3345, 3347 and above that 3362 in extension of the move
Break below 3310, for 3306, 3297, 3295, 3280, 3266 and 3255 in extension of the move
Even the scalping levels are HUGE!
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 price to continue upside into the region given which gave us a fantastic capture for the start of the week. We then had to adapt as the bias level and targets on the red box indi changed suggesting more upside. We continued to complete all our bias above targets as well as Excalibur and LiTE giving us 100% again for the week!
It wasn’t easy as it sounds, it took a lot of work and constant monitoring but the pip capture on gold was out of this world and well worth it!
So, what can we expect from the week ahead?
For this week we seem to be creating a DB on the 4hr chart which entails caution. We have resistance just above at the 3330-35 with extension 3240-45 region which if attacked and rejected in the early session could give the potential short trade into the support level 3295-8 which is the key level that needs to break for us to go lower.
There is a lot of liquidity above, especially those who like us shorted and held trades from the 3450 levels so the bias this week changes to the 3350-55 level, break above and we will confirm the move higher, otherwise, our thoughts are a test is likely on the high but we would like to get that long from lower to again create a new ATH.
Let’s see how we open, these markets need to be adapted to every day so making long terms plans as intra-day traders isn’t on our agenda at the moment. The market is giving short term, so why not take advantage of the conditions while they last.
Potential for gaps on open so please be careful, we’re on red boxes and extreme levels only.
RED BOXES INDI LEVELS:
Break above 3320 for 3327, 3330, 3335, 3345, 3347 and above that 3362 in extension of the move
Break below 3310, for 3306, 3297, 3295, 3280, 3266 and 3255 in extension of the move
Even the scalping levels are HUGE!
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
We had 3336 on our broker giving a nice entry short into the range low. Those should be protected, while a bounce here is on the cards with resistance 3306-10
🔵 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.