Get started

Goldindicators

THE KOG REPORTTHE KOG REPORT In last week’s KOG Report we wanted higher pricing to short again into the lower targets 2665, 2650 and 2620. Unfortunately, we didn’t get the higher level we wanted, so instead, followed Excalibur and the red boxes not only completing the bias targets in one move, but also then completing numerous bearish targets on the week. The bias was bearish below, the price, once settled moved well and allowed us to navigate the short trades and the bounce for the longs. Another good week in Camelot, completing a staggering 25 targets, 8 of those on gold alone. So, what can we expect in the week ahead? For this week we’re only looking for one move, and that’s for the price to attempt the retracement that is needed and stretching out traders. For that reason, we have the lower level of 2550-55 which if attacked and held during the early session may give traders the opportunity to long back up into the 2565-70 region and above that 2600-05 region initially. That’s the trade that we’re looking for early part of the week but please note, breaking below that 2550 level will give us a better opportunity from the 2530-35 region which is also shown on the chart. Nice and simple this week, we’ll update as we usually do. Potential for more ranging on Monday so maybe best to let Monday play and then look for a decent set up for Tuesday onwards. KOG’s bias for the week: Bearish below 2575 with targets below 2555 and below that 2550 Bullish on break of 2575 with targets above 2595 and above that 2605 RED BOXES: Break above 2575 for 2585, 2587, 2595 and 2610 in extension Break below 2560 for 2555, 2551, 2541 and 2535 in extension 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
FX:XAUUSD
by KnightsofGold
4
THE KOG REPORT - ELECTION SPECIAL THE KOG REPORT: This week’s KOG Report is a little different this week due to the upcoming elections. For that reason, we’re going to share the levels and potential movement since we are almost guaranteed to see some extreme movement over the coming sessions. The chart was shared in Camelot together with the analysis 4yrs ago which worked well. On the left chart you can see the 2020 reaction to the elections giving a powerful movement across the markets and gold moving over 2000pips in days. We’ve shown this chart to make new and less experienced traders aware of what can happen based on any result! Price will whipsaw, they will chop and change direction and when they move, it will really move. IF, and it’s a BIG IF, you’re going to attempt to trade it, please make sure your lot sizes are sensible, and your risk model is flexible enough to adapt to sudden changes in direction. Now the chart on the right. We have drawn a path, but it’s based more on a potential fractal rather than set in stone. The levels however are important, and potentially if targeted can give traders opportunities to capture the bounces or, give them a better understanding of where price can go before taking a breather. We’re close to the 2800 level but as you can see, we’ve struggled to break it, this usually just means that price has travelled enough to take a slight pause in direction, and requires a pullback, which is what we analysed and traded last week. How far thought, with extreme news and volatility entails caution, our immediate support and resistance levels hardly work in these scenarios. So, when we look at extreme levels on the chart we can see the following: We have resistance above on the daily at 2745 which needs a daily close above to go higher. This flips our support level into the 2715 level which looks like a decent level for price to attempt in the coming sessions. Our order region is sitting at the psychological level of 2700 with the extension of the move into the 2680-5 level. This, if attempted could give traders and opportunity to take the long back up towards the 2730-35 red box level which will have also flipped into resistance. This is the level currently in play and needs to be monitored as this is the order region they’re using to propel the price in either direction. It’s also the reason they’re accumulating here and start the pre-event range. Break above, and we should see bulls’ step in and force price higher, as shown in the illustration on the chart. The range is big, the high in sight is the 2820-34 region, which if attacked and rejected can give us opportunities to capture the larger short trade, while the 2575-65 level is sticking out for the undercut low. To be totally honest, knowing what can happen and how price can move, it’s the same strategy as trading NFP and FOMC. Don’t trade the volume driven candles, wait for price to move, use the levels and the red boxes, and then, with a risk model in place take a sensible trade if you’re going to trade it. The above is just our view and more for educational purposes. We will continue to use our proven red box strategy, indicators and our trusted algo Excalibur to guide us through the markets. Good luck for the week ahead! KOG’s bias for the week: Bearish below 2744 with targets below 2720, 2714 and below that 2702 Bullish on break of 2744 with targets above 2792 and above that 2803 Red boxes: Break above 2744 for 2753, 2765, 2780 Break below 2730 for 2715, 2705, 2695 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
OANDA:XAUUSD
by KnightsofGold
6
THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report we said we wouldn’t be looking to long for the early part of the week, instead gave the path moving up into the 2727 and 2742 price targets where we wanted to attempt the short. This worked well during the early part of the week, but we didn’t get to complete the move, instead our red boxes kicked in and we continued to look upside into the 2739 and 2745 price point. We then updated traders with the hotspots at the 2750-55 region and suggested looking for a reaction in price there mid-week which was tapped into and rejected giving the lovely move down that we experienced completing the first red box target 2710 before the bounce upside. It wasn’t an easy week, very choppy and frustrating with burst of volume but we didn’t do to badly completing 6 gold Excalibur targets on top of the bias level targets and the red box targets. Small stops and big captures should have given our followers a decent week on Gold moving level to level with the red boxes we share as well as KOG’s bias of the day. Excalibur performed again with 21 targets completed across the other pairs we trade. So, what can we expect in the week ahead? For this week we’re seeing a little more bullish movement on Gold but there’s a level above which needs to be watched and needs to be broken for us to go higher and target that 2800 level! So we’ll look for price to attempt the 2750-55 region during the early session and if rejected there is potential for the pullback to present itself into the 2735-32 red box defence. It’s this 2732-35 region we feel an opportunity to the long is available back up to attempt 2763 and above that 2765. Please note, 2765 is the level we need to break and hold above for us to attempt to target higher pricing for now. Those looking to attempt the short trades should be looking at the levels of 2760-5 and if broken 2780-5 for opportunities to capture the pullbacks and maybe even a short swing. Now, we have a slight issue here with the extension of the move this week and with a lot of news to come together with it being the end of the month, we’re concerned about profit taking and a potential sell off, so for that reason, we’ll play level to level on the upside picking the right levels and using the red boxes for our entries and exits which have proven to give the 50-70pip captures quite easily. KOG’s BIAS FOR THE WEEK: Bullish above 2730 with targets above 2755, 2762 and 2779 Bearish on break of 2730 with target below 2709 RED BOXES: Break above 2755 for 2762, 2768, 2780 Break below 2742 for 2732, 2720, 2709 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
FX:XAUUSD
by KnightsofGold
10
KOG's RED BOXES - GOLDRed Boxes: Break above 2755 for 2762, 2768, 2780 Break below 2742 for 2732, 2720, 2709 Many of us sit and wait for the perfect entry, I can tell you, unless you're scalping, this hardly ever happens. The key to get an entry is identifying your target region first! Once you have identified that target region, then start looking not for a precise entry, but a region or a zone you want to be testing your entry in. The skill is not getting in too early, and if you get in too late, you're usually going to be the wrong side of the market. So, use the bias and the red boxes, bullish/bearish above/below. Most new traders struggle with basic support and resistance or identifying zones; hence they’ll usually enter the market at the wrong time and place. This is where red boxes are really helpful, you can use them to identify key regions if you’re scalping or use the higher or lower ones for day trading and managing trades in-between. KOG’s Red boxes are part of our strategy and are added to our targets to further fine tune our entries and exits. We also use them combined with our hotspots and Excalibur/LiTE targets to keep us in the right direction of the markets, allowing us to trade between the levels, scalp in ranges or in low volume periods as well as identify possible turning points on the pair we’re trading. We’ve been using these now for a few years and they have proven to work extremely well when combined with our other strategy as well as a standalone strategy in itself, once you have experience. You need to have a plan and you will need to have basic knowledge of price action, you can add MA’s, indicators of your choice, and use these with your own strategy to limit your drawdown and identify when you may be in the wrong side of the market. You will notice the boxes, just like usual support and resistance will give RIPs. Keep an eye on KOG’s bias of the day together with the targets as well as the analysis we share on the KOG Report updates. This will help you to make a plan for the day, then add the red boxes to your charts and hopefully you’ll notice a difference in your trading. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
10