End of day update from us here at KOG:
Yesterday we [posted the potential range we expected price to play today with the key level below 2895 and the resistance level 2920 which we said needed to break and hold to go higher. As you can see, we dipped into the lower level following the hotspots and traders got the opportunity to take the long confirmed by the red box and indi.
Again, with NFP looming, we're expecting more ranging and choppy price action so we'll extend the range with the key level below 2910 which needs to break to go lower, otherwise, the resistance above this time stretches us into 2930-35!
We're going to take it easy now and prepare for NFP for which the report will be published tomorrow just before the release. For now, bias levels have worked well this week, all targets completed, the range treated us well, got the low and another long, not much more work to be done on gold.
As always, trade safe.
KOG
Yesterday we [posted the potential range we expected price to play today with the key level below 2895 and the resistance level 2920 which we said needed to break and hold to go higher. As you can see, we dipped into the lower level following the hotspots and traders got the opportunity to take the long confirmed by the red box and indi.
Again, with NFP looming, we're expecting more ranging and choppy price action so we'll extend the range with the key level below 2910 which needs to break to go lower, otherwise, the resistance above this time stretches us into 2930-35!
We're going to take it easy now and prepare for NFP for which the report will be published tomorrow just before the release. For now, bias levels have worked well this week, all targets completed, the range treated us well, got the low and another long, not much more work to be done on gold.
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.
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.