THE KOG REPORT
THE KOG REPORT:
In last week’s KOG Report we said we would be looking for two moves, either to short it from higher up or, to go long from extreme support and the red box level. We gave the bias as bullish above 2635 with targets 2670 and above that 2675 which were achieved. We then gave a target level of 2702 where we wanted price to attempt a reaction, which we hit but didn't get the reaction, so we left it there for the week having completed our Gold targets.
It was also a good with on the red boxes with them managing to give numerous scalp trades throughout the week.
We managed to complete nearly all targets again across not only gold but all the other pairs we track, analyse and trade. Well done to the team in Camelot once more.
So, what can we expect in the week ahead?
Simple one this week! We’re too high and stretched to even think about going long so we’ve plotted the path on the chart for potential levels where we can try to short. The support levels for this week are 2710-05 and below that 2690-85 which will need to break for price to go lower. That also happens to be our red box defence for this week.
If we start the week bullish, we will be looking at the first level of 2730-35 for the first opportunity to short if held. This level could be a temporary short as we will need to come down and break 2710 before attempting the bias level. It’s that bias level 2680-5 which needs to be monitored this week if we start the week with a downside move. Price stalling there is likely to give traders the opportunity to long again up into the 2730-35 level and above that 2745-50 unless broken.
Key levels this week:
Support: 2710 / 2705 / 2702 / 2690 / 2680-5
Resistance: 2727 / 2730 / 2745 / 2750
KOG’s bias for the week:
Bullish above 2685 with targets 2727 and above that 2742
Bearish on break of 2685 with targets below 2665
Red boxes:
Break above 2730 for 2739 and 2745 in extension of the move
Break below 2720 for 2710 and 2695 in extension of the move
As above, a simple and straightforward one this week, we’ll update traders through the week as we usually do. Look out for KOG’s bias of the day and the red boxes which have been proven to work effectively not only on Gold but everything else we trade as well.
Good luck for the week.
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 two moves, either to short it from higher up or, to go long from extreme support and the red box level. We gave the bias as bullish above 2635 with targets 2670 and above that 2675 which were achieved. We then gave a target level of 2702 where we wanted price to attempt a reaction, which we hit but didn't get the reaction, so we left it there for the week having completed our Gold targets.
It was also a good with on the red boxes with them managing to give numerous scalp trades throughout the week.
We managed to complete nearly all targets again across not only gold but all the other pairs we track, analyse and trade. Well done to the team in Camelot once more.
So, what can we expect in the week ahead?
Simple one this week! We’re too high and stretched to even think about going long so we’ve plotted the path on the chart for potential levels where we can try to short. The support levels for this week are 2710-05 and below that 2690-85 which will need to break for price to go lower. That also happens to be our red box defence for this week.
If we start the week bullish, we will be looking at the first level of 2730-35 for the first opportunity to short if held. This level could be a temporary short as we will need to come down and break 2710 before attempting the bias level. It’s that bias level 2680-5 which needs to be monitored this week if we start the week with a downside move. Price stalling there is likely to give traders the opportunity to long again up into the 2730-35 level and above that 2745-50 unless broken.
Key levels this week:
Support: 2710 / 2705 / 2702 / 2690 / 2680-5
Resistance: 2727 / 2730 / 2745 / 2750
KOG’s bias for the week:
Bullish above 2685 with targets 2727 and above that 2742
Bearish on break of 2685 with targets below 2665
Red boxes:
Break above 2730 for 2739 and 2745 in extension of the move
Break below 2720 for 2710 and 2695 in extension of the move
As above, a simple and straightforward one this week, we’ll update traders through the week as we usually do. Look out for KOG’s bias of the day and the red boxes which have been proven to work effectively not only on Gold but everything else we trade as well.
Good luck for the week.
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
🔵 FREE TELEGRAM CHANNEL: t.me/KnightsofGold
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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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