KOG REPORT:
KOG Report:
In last week’s KOG Report, we said we would keep the bias as bearish below 1945 and we would be looking for the target level of 1890. Ideally, we wanted the support levels to hold giving us a move for the long trades, and then we would be looking upside resistance to short the market again down into the given level. Unfortunately, we didn’t get the move to the upside we wanted, instead, Excalibur kept activating short only giving us level to level opportunities for good captures, but not the big one that we wanted. It ended with one of the best week’s we’ve had in Camelot with a succession of completed targets across the markets and US30 being the star of the week.
So, what can we expect in the week ahead?
We have a few levels on the radar for this week with the key levels being the 1860-65 region support and the 1899-1903 level resistance level with the extension above that at 1906-10. The bias will remain as bearish below of which the levels will be given daily updates but the preference this week will be on trying to capture the bounce from support levels. For that reason, we will be looking at price attempting to target the immediate resistance levels above 1895 and above that 1899 where if we see strong resistance, we feel an opportunity to short the market down into the support levels could exist. It’s these lower support levels where again this week we will be looking for the reaction in price in attempt to capture the long trade back up into the higher resistance levels initially 1910 and above that 1917-20.
Now, on the flip, if we break resistance to the upside, we will be switching to level-to-level trading following Excalibur to the upside and looking for a strong level of resistance. Upon a confirmed set up, we will be looking to short the market back down into that support level following the bias and the daily targets.
What we need to keep in mind is that we have Jackson Hole coming up towards the end of the week. It is very likely we will see choppy price action and potentially a range forming towards Thursday and Friday. We have published the previous analysis on Jackson Hole (link below), please have a look at this as it will give you an idea of the potential the market has to really move price aggressively. We will post part 2 during the week.
KOG's Bias for the week:
Bearish below 1907
Bullish on break of 1907
Key levels:
Resistance: 1899 / 1910 /1917 /1920
Support: 1880 / 1875 /1867 / 1860
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 keep the bias as bearish below 1945 and we would be looking for the target level of 1890. Ideally, we wanted the support levels to hold giving us a move for the long trades, and then we would be looking upside resistance to short the market again down into the given level. Unfortunately, we didn’t get the move to the upside we wanted, instead, Excalibur kept activating short only giving us level to level opportunities for good captures, but not the big one that we wanted. It ended with one of the best week’s we’ve had in Camelot with a succession of completed targets across the markets and US30 being the star of the week.
So, what can we expect in the week ahead?
We have a few levels on the radar for this week with the key levels being the 1860-65 region support and the 1899-1903 level resistance level with the extension above that at 1906-10. The bias will remain as bearish below of which the levels will be given daily updates but the preference this week will be on trying to capture the bounce from support levels. For that reason, we will be looking at price attempting to target the immediate resistance levels above 1895 and above that 1899 where if we see strong resistance, we feel an opportunity to short the market down into the support levels could exist. It’s these lower support levels where again this week we will be looking for the reaction in price in attempt to capture the long trade back up into the higher resistance levels initially 1910 and above that 1917-20.
Now, on the flip, if we break resistance to the upside, we will be switching to level-to-level trading following Excalibur to the upside and looking for a strong level of resistance. Upon a confirmed set up, we will be looking to short the market back down into that support level following the bias and the daily targets.
What we need to keep in mind is that we have Jackson Hole coming up towards the end of the week. It is very likely we will see choppy price action and potentially a range forming towards Thursday and Friday. We have published the previous analysis on Jackson Hole (link below), please have a look at this as it will give you an idea of the potential the market has to really move price aggressively. We will post part 2 during the week.
KOG's Bias for the week:
Bearish below 1907
Bullish on break of 1907
Key levels:
Resistance: 1899 / 1910 /1917 /1920
Support: 1880 / 1875 /1867 / 1860
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
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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.
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