End of day update from us here at KOG:
On Sundays KOG Report we said lower pricing was on the horizon but the set up just wasn't presenting itself. We had the level above for the short, which although we missed by 30pips, gave us the perfect zone for the short. As you can see, Red boxes played the part again, the indicator tracking the zones allowing us to long for the retracements and short all the way down completing not only the red box levels, KOG's bias of the week and day targets, but also the daily bias and red box targets.
After the move, we're now at a key level fighting for the weekly and monthly close with support below at the 2835 level and resistance which we targeted at 2850. A range here can force the close between the order region which can result in more bearish movement next week so please play caution trading late session. We'll have to put the analysis together and prepare for the week ahead in the KOG which will be available on Sunday.
For now, a blessed week and again, nearly point to point level to level. Wishing you all a great weekend ahead, and we'll see you on Sunday for the KOG Report and our view for the week ahead.
KOG’s Bias of the day:
Bearish below 2955 with targets below 2930✅, 2924✅, 2920✅ and below that 2910✅
Bullish on break of 2955 with targets above 2965, 2970 and above that 2974
RED BOXES:
Break above 2940 for 2943, 2945 and 2950 in extension of the move
Break below 2929 for 2927✅, 2922✅ and 2910✅ in extension of the move
KOG’s bias of the week:
Bullish above 2920 with targets above 2945✅, 2949✅. 2952✅ 2955✅ and above that 2970
Bearish below 2920 with targets below 2916✅, 2910✅, 2906✅, and below that 2898✅
RED BOX TARGETS:
Break above 2943 for 2947✅, 2950✅, 2955✅, 2962, 2966 and 2977 in extension of the move
Break below 2930 for 2923✅, 2920✅, 2910✅, 2906✅ and 2899✅ in extension of the move
As always, trade safe.
KOG
On Sundays KOG Report we said lower pricing was on the horizon but the set up just wasn't presenting itself. We had the level above for the short, which although we missed by 30pips, gave us the perfect zone for the short. As you can see, Red boxes played the part again, the indicator tracking the zones allowing us to long for the retracements and short all the way down completing not only the red box levels, KOG's bias of the week and day targets, but also the daily bias and red box targets.
After the move, we're now at a key level fighting for the weekly and monthly close with support below at the 2835 level and resistance which we targeted at 2850. A range here can force the close between the order region which can result in more bearish movement next week so please play caution trading late session. We'll have to put the analysis together and prepare for the week ahead in the KOG which will be available on Sunday.
For now, a blessed week and again, nearly point to point level to level. Wishing you all a great weekend ahead, and we'll see you on Sunday for the KOG Report and our view for the week ahead.
KOG’s Bias of the day:
Bearish below 2955 with targets below 2930✅, 2924✅, 2920✅ and below that 2910✅
Bullish on break of 2955 with targets above 2965, 2970 and above that 2974
RED BOXES:
Break above 2940 for 2943, 2945 and 2950 in extension of the move
Break below 2929 for 2927✅, 2922✅ and 2910✅ in extension of the move
KOG’s bias of the week:
Bullish above 2920 with targets above 2945✅, 2949✅. 2952✅ 2955✅ and above that 2970
Bearish below 2920 with targets below 2916✅, 2910✅, 2906✅, and below that 2898✅
RED BOX TARGETS:
Break above 2943 for 2947✅, 2950✅, 2955✅, 2962, 2966 and 2977 in extension of the move
Break below 2930 for 2923✅, 2920✅, 2910✅, 2906✅ and 2899✅ in extension of the move
As always, trade safe.
KOG
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🔴 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.