End of day update from us here at KOG:
We wanted price to reject and come down which gave us a nice short early session hitting our target. We then suggested traders refrain from shorting as the support level was holding and gave a breakdown of the move to come. This has worked well today giving us a nice capture on Gold.
Now, it looks like the path is on track, so we will say look for support at the 2497-2500 level, if held we can see potential for 2410-15 and the rest of the path that has been shared for the wider community.
Not much more to add team, simple price action at its best.
As always, trade safe.
KOG
We wanted price to reject and come down which gave us a nice short early session hitting our target. We then suggested traders refrain from shorting as the support level was holding and gave a breakdown of the move to come. This has worked well today giving us a nice capture on Gold.
Now, it looks like the path is on track, so we will say look for support at the 2497-2500 level, if held we can see potential for 2410-15 and the rest of the path that has been shared for the wider community.
Not much more to add team, simple price action at its best.
As always, trade safe.
KOG
Note
We got a nice tap and bounce yesterday after taking the short, then giving the long trade to complete one of our targets this morning. Support now stands at 2505 with resistance 2527 and above that 2530
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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.