Gold Spot / U.S. DollarUpdated THE KOG REPORT - Update
End of day update from us here at KOG:
Well, what can we say, it didn't quite go to plan but once the level broke and the red boxes came into play, wow did we complete some targets!
We wanted this to come down ideally, then get that long trade for the bigger capture into that target level 2902 which we were expecting later in the week. Gold however had another plan! Anyhow, we still managed to get some decent trades so all is not lost.
Now that the 2900 level is open, we could see some ranging towards the end of the session with the resistance level 2910 needing to break to go into the 2925 region, while the support level of 2890 is decent for a pullback, but must hold us up. 2890 to 2903 potential play.
KOG’s Bias for the week:
Bearish below 2875 with targets below 2855, 2850, 2845 and below that 2835
Bullish on break of 2875 with targets above 2890✅, 2897✅, 2899✅ and above that 2902✅
RED BOXES:
Break below 2850 for 2847, 2844, 2839, 2835 and 2826 in extension of the move
Break above 2860 for 2865✅, 2872✅, 2874✅, 2890✅ and 2902✅ 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
Well, what can we say, it didn't quite go to plan but once the level broke and the red boxes came into play, wow did we complete some targets!
We wanted this to come down ideally, then get that long trade for the bigger capture into that target level 2902 which we were expecting later in the week. Gold however had another plan! Anyhow, we still managed to get some decent trades so all is not lost.
Now that the 2900 level is open, we could see some ranging towards the end of the session with the resistance level 2910 needing to break to go into the 2925 region, while the support level of 2890 is decent for a pullback, but must hold us up. 2890 to 2903 potential play.
KOG’s Bias for the week:
Bearish below 2875 with targets below 2855, 2850, 2845 and below that 2835
Bullish on break of 2875 with targets above 2890✅, 2897✅, 2899✅ and above that 2902✅
RED BOXES:
Break below 2850 for 2847, 2844, 2839, 2835 and 2826 in extension of the move
Break above 2860 for 2865✅, 2872✅, 2874✅, 2890✅ and 2902✅ 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 closed: target reached
Target Hit and a nice rejection from the order region
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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.