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KOG

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
9
THE KOG REPORT THE KOG REPORT: In Last week’s KOG Report we said we would be looking for the price tap into the lower support region marked as bullish above and for the long trade to present itself, which worked a treat. We then said we would be looking into the order region resistance level for the short trade to carry the price back down, which also worked well but although we achieved a huge return on the trades, price used that same 2320 level to hold and give the push up, which we updated traders with. We managed to capture the short and the long before we update the plans and continued to trade upside until NFP. The NFP report gave 3 levels we were looking to either buy from or sell from, the lower level we suggested we’d get a RIP from tapped and bounced perfectly taking price into the region we had suggested for the long trade. Again, both those who were long and short got the near pip perfect entry and exits on their trades before the market closed. A blinding week in Camelot not only on Gold but all the other pairs we trade, analyse and Excalibur tracks. So, what can we expect in the week ahead? Another jam packed week on the news front but we should start with clean gradual movement. We have some key levels this week 2405-10 being a major hurdle and 2370-75 being a key level for support. We would like to see price attempt that high in the coming session, and if achieved and rejected we feel the move downside into the support region 2380 and below 2370 in extension are on the cards. It’s these support levels that need to hold price up for us to continue the bullish move, if broken below we’ll again be seeing 2350-55 which is where the move started from. On the flip, if we do start the week with a move downside, we’ll be looking at those support levels to reject, give us the RIP for the trade upside to clear that liquidity before then assessing the PA above 2400 to establish whether we can see higher or not. It’s a simple one with two plans, up first and we’ll look to short it, down first, and unless broken we’ll look to long it. If we get that long from below and break above that 2310 region, we would suggest traders hold long trades for further advances looking at least towards the 2450-55 region. Our view still remains with caution on the upside movement, so please play this carefully, we’re still within this sideways movement and accumulating on a large scale, that’s all. It needs to confirm the move to go at target the all time highs and at the moment it could just be another range high before a big swoop towards the range low. We’ll trade it how we see it, level to level and continue to stay the right side of it. Monthly however, suggesting higher at the moment, so lets see. 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
8
THE KOG REPORT - NFPTHE KOG REPORT – NFP This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. Before we start, remember, the trade comes after the event, let them move the price to where they want and then look for a set up to get in. We’ve highlighted the key levels this time with the potential path due to the range being so big, and yes, we’re still in the range believe it or not! So, for that reason, we have the extreme level of support below 2340-45 and below that 2335 which is also our bias level. If targeted and held, a bounce here could be on the cards with a move to continue upside and higher up. This is a key level, if broken, we complete the move downside again more likely to target the 2320 region, so please play caution. Our ideal scenario here is for them to take the price upside, first level of importance 2380-85 which needs to break for us to go higher and target the 2400 level which will then give us the extreme level 2405-10 which is where we feel the stretch can go and that’s where the ideal short will come from, most probably next week. It’s a difficult one to navigate but the range is still in play and the extreme levels are worth taking note if there is huge volume and a curve ball. 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
2
THE KOG REPORTTHE KOG REPORT In last week’s KOG Report we said we would be looking for more downside movement on Gold and gave the weekly bias level of 2335 with targets below 2310 and below that 2395. We also informed traders to watch out for the extension of the move into that 2340 which is where we ideally wanted to short the market for the bigger capture. We suggested early longs into the levels above, and once there we confirmed the move not only did we get the long trades, we got the opportunity to take that short trade all the way back down to complete the bias level targets. It’s at this lower level we suggested taking the early long back up, again netting a fantastic return, following Excalibur all the way to where we closed the month. During the week, we also update traders on the intra-day movement highlighting the levels to look for RIPs and opportunities to capture the counter movement, which also worked extremely well completing a fantastic week for the free analysis, but a phenomenal week on Gold targets in Camelot. Well done to our community and team for another great month of completed targets. So, what can we expect in the week ahead? We’ll start by saying it’s the first week of a month and quarter, so best practice would be letting the market settle for the new month, especially the first few days. We also have a lot of news this week which is guaranteed to drive the markets to extreme levels aggressively, coupled with choppy price action. New traders really should be sitting out with the attitude that cash in your account is a position in the market, a very strategic one! Although we ended the month with a bullish daily, we’re not seeing any confirmed movement to complete the upside levels as yet! So, we’ll begin the week with caution and look at the immediate levels of support sitting around the 2313 and above that 2317 levels. If we begin the week with an attack on those levels and face strong support, it’s here we may get an opportunity to long back up into that 2330 -35 region with the extension of the move again the 2345-50 price point, which for this week is our bearish below level. This level above if targeted is important, as breaking above here will take us back up to target that 2270-75 region, which believe it or not, is still in this range! It is however these higher levels we want to be monitoring closely for signs of rejection, and if we get them we feel there is an opportunity to short again from higher up into the lower levels as suggested on the chart. We have our active targets and the prices we’re looking for but would suggest level to level trading for this week at least, with tight stops! We’re going to keep it simple this week and say that’s the main move we’re looking for unless we break below 2316-20 and hold, in which case the plan completes before we get any more opportunities to add to shorts from higher again. KOG’s Bias for the week: Bearish below 2345-50 with targets below 2310 and below that 2290 Bullish on break of 2345 with targets above 2360 and above that 2370 We’ve added the key levels on the charts for you this week with the text, “Bearish below, Bullish above etc” which we hope will help you stay in the right direction and manage your trades. As usual, we will update you with our plans and wish you a successful week ahead. 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
8
THE KOG REPORT THE KOG REPORT In last week’s KOG Report we highlighted the significance of that 2320 level and said that it needed to be broken forcefully, otherwise if supported, we would be looking to long back up into the higher levels as well as Excalibur targets and price will attempt to take liquidity from that 2370-75 region. During the first half of the week, we continued to long into those higher resistance levels giving us a fantastic trade(s), tapping into that 2370-75 region where we got a RIP from our level and the short trade presented itself not only completing KOG’s bullish bias levels but also the first target region for the bearish target. A phenomenal week in Camelot, not only on Gold and Silver, but all the other pairs we trade as well. So, what can we expect in the week ahead? After the move on Friday, we would say caution on shorting the market down here, instead, we’ll look for bounces in the early part of the week to take the price up to correct at least some of this move. Unless we have gaps on opening due to the geopolitical news over the weekend, it’s very possible we will establish a small range here again. For that reason, we will be looking for confirmation at the below levels 2310-12, which if held during the early session could represent an opportunity to long the market back up to the 2325-27 region which for us is the level to watch, with extension of the move into the 2335-40 region. These levels are of importance as that’s where we again will want to be looking for the swing short into the lower support regions, in attempt to break below that 2300 level! We’ll stick with the bias level bearish below for now and look for lower pricing unless broken above, in which case its likely we will again, target the top of the range and correct the whole move. On the flip, a push up straight off market open, we’ll look at those 2325-7 and 2330-35 regions to attempt the short, as long as we have a clean set up. KOG’s bias for the week: Bearish below 2335 with targets below 2310 and below that 2295 Bullish on break of 2335 with target above 2370!! It’s a frustrating sideways chop for traders, so please be careful, every time they look to take it down, they swing up and every time they look like they’re going to break up, they swing it down. Traders need to make sure their risk models are up to scratch and they’re playing the range the way it should be. There is a post on trading the range, please check it out. 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
THE KOG REPORTKOG REPORT: In last week’s KOG Report we said we wanted the lower support level to hold up the price to give us the opportunity to long into the order region above, which gave us a fantastic start to the week. We then said we wanted to short from the order region back down, but due to FOMC and CPI we would be looking for extreme levels above. Once price re-entered our order region we did continue with the plan but the range and accumulation meant we couldn’t complete the move down that we wanted, however, still getting a decent trade down. So, what can we expect in the week ahead? Simple one this week! We have potential to start the week with short movement within the range we have plotted on the chart. The resistance level above sits at 2345-50 which needs to hold the price down for us to see a further move downside into the lower support region below, and potentially complete our plan from last week’s KOG Report. Support 2320 is the hurdle this week and needs to be broken forcefully for us to then have more confidence in the move. The problem we have this week again is this sideways range, and for that reason we’re going to throw a curveball into the mix, which we need traders to be extremely careful of. IF that resistance level above breaks, and we bounce aggressively from below, there is a huge chance we’re going to see this attempt to take liquidity from the higher regions 2370-5 which is a key level for this week and also the extension of the move. So please, traders make sure to stick with your risk model, we’ll trade it the KOG way, level to level, stay the right side of it and expect some extreme movement. KOG's Bias for the week: Bearish below 2345 with targets below 2320 and below that 2295 Bullish on break of 2345 with targets above 2355 and above that 2370 As above, it’s a short one this week, we’ll update it as we usually do during the course of 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
12
THE KOG REPORTTHE KOG REPORT: I last week’s KOG report we said we would be watching that 2340 extension level for a move upside in the early part of the week, and if achieved we would be looking to short the market back down initially into the 2310 level which is where we felt the RIP will come from. We had a little stretch into 2355 but got the move we wanted for the trade and then the bounce. On the way up we also took the long in Camelot giving us a fantastic start to the week. During the week we updated traders with the plan to go long into that higher regions and gave them a target level of 2370 which was achieved, in Camelot we had 2385, which was hit on the nose, gave us a TAP AND BOUNCE short trade, and the rest is history, what a move and trades on Gold last week giving us another record breaking capture. Well done to our team for their hard work not only on Gold but the numerous other pairs we trade and analyse, with Oil also giving us a lovely upside trade. So, what can we expect in the week ahead? We’ll start by saying we have FOMC and Cpi this week on the same day, so please trade carefully and expect there to be more aggressive price action across the markets. We have some key levels here on gold sitting below at 2380-75 which we feel are reasonable for attack and as shown on the chart, if held we feel there is an opportunity to long the market back up into 2310 and above that 2325 regions with extension of the move into 2330. That would be the ideal move for us, and if we see resistance with a clean set up in that resistance level, we’ll be hunting a short again to take this a lower. PLEASE NOTE – If they break below that level early session, the long trade will come from lower down in the 2250-55 region, which is a level to watch for this week! KOG's bias for the week: Bearish below 2335 with targets below 2385 and below that 2373 Bullish on break of 2335 with targets above 2355 and above that 2389 In summary: Price goes up, we’ll trade it level to level, expecting ranging and choppy market conditions, looking for the higher resistance levels. Higher resistance levels, we’ll be looking for the short trade if it presents itself. Price goes down, we’ll look for support to hold, a clean reversal and we’ll look to long. Nice and simple, we’re looking for a few decent trades on Gold this week due to FOMC and Cpi. 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
14
THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report we said we would be looking for the price to push up into the order region 2430-35 and above that we gave the extension level of 2445-65 if they wanted to take it there. We gave KOG’s bias level bullish above targets 2430-35 and above that 2447 as well as the path showing the short from the region. 2447 was completed, the extension level was hit and the move down gave traders an absolutely wonderful opportunity to short the market the whole week into the 2400 level, 2385 and beyond based on KOG’s daily bias levels. In between these moves we managed to capture some long trades as well on the tab and bounces, giving us a pip capture through the roof in Camelot, not only on Gold, but the numerous other pairs we trade. Another fantastic week for our targets and traders. So, what can we expect in the week ahead? This week we’re going to keep it simple as it’s the end of the month, together with a bank holiday on Monday. After a month like this, we would suggest traders take it easy and concentrate more on taking this level to level depending on the move and structure that is presented to us after the weekly open. We have a key level support region as well as an order region below sitting around the 2305-10 price points which we feel is a viable level for price to attempt. Above, we have the order region 2350-55 and above that 2375 which is holding a lot of voids. Lower price is open for attack, with 2304 being the main support point and below that 2298 in the dip and extension of the move, so look out for these price points for any short trades as well as tap and bounces! We’ve illustrated the move we’re looking for together with the levels above but our bias for this week will be played with caution due to it being the end of the month. If we open and see the Friday low supporting the price, we feel an opportunity on the break of 2340 will give traders an opportunity to long the market into the 2350-55 region and above that 2365-75 where we could see a flip, if they form a reversal taking us back down to the 2300 region and possibly lower. 2375 is an important price point where price needs to remain below to continue the move to the downside, as breaking this level will then flip the bias and we’ll be looking at attempting to break above 2400 again. If, they continue downside from the open, it’s actually works in our favour as shorting it down here isn’t a great idea in case of an aggressive turn. So we’ll look below at the order region and as long as we stay above it, we feel an opportunity to take the long trade on the swing is available for traders. 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
THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report, we said if support held after the open we felt we would get a push to the upside into the order region and if the market held the region we felt an opportunity to short the market was available. That short trade worked well and after partials were taken it was protected. During the week we suggested traders trade caution and we would be looking to target that order region again on the long trade. Again, that trade worked well for us giving a fantastic pip capture half way through the week. We than said we would protect all trades as a break above that order region will then give traders the opportunity to long the market into the 2370-75 region where we would then likely see a reaction in price. Both these moves presented themselves, although the long wasn’t taken due to it being early session, the short at the end of the week was identified. The pip capture on gold was immense, not to mention the numerous other pairs we trade and analyse in Camelot. So, what can we expect in the week ahead? This week we’ll keep it simple, we’re looking for the market to open and hold these resistance levels so we can continue with a move back down into the order region to start with. So we have the resistance levels of 2360 and above that 2365, which if held could present an opportunity to short the market back down into the order region of 2350-55 with extension into 2345 which is where we’re expecting a temporary bounce in price. We need to be careful here as if this level is held during the early part of the week, we could see a complete correction of the move from Friday back into the 2343-35 region before any opportunity to swing low and then take the long trade back upside which we will monitor. The levels are on the chart as is the illustration, we’ll update as we always do during the week. Please note, it’s another big week this week funds wise and with the geopolitical cloud above us expect more extreme swings and whipsawing price action. Your SL is your friend, it’s the difference between you having an account to trade or not having one! Short report this week team so we'll keep it provisional for now. 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
13
THE KOG REPORT - UpdateEnd of day update from us here at KOG: We were expecting it to be a quiet day, but in true unconventional market fashion we actually had a blinding day on the markets, especially gold. Early session we saw the break above which confirmed the long trade, Excalibur activated, the red box strategy agreed, and we got not 1 but 2 fantastic long trades on gold. To top it off, tap and bounce on the nose from the reaction point highlighted on the chart giving a move down, but only into support. So, what now? We would like to see this support level below hold around 2320-15 region, and if so, would like to see this attempt that 2335-40 region before we decide whether the set up is right for the short trade. Resistance now stand at 2330-35 which will need to break to go higher. Otherwise, we'll look for the setup tomorrow and wait for Excalibur to confirm. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
2
THE KOG REPORT - NFPThe KOG REPORT – NFP This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. Quick on for this event, not really looking to trade it after the week we've had and it's probably wise others who have followed us this week don't either. Keep your money in your account! We're sharing the levels instead that we feel they will want to target, and if they reject where traders may get the opportunity to long or short the market. Upside levels - 2330-35 above that in extension of the move 2340-44, price needs to stay below otherwise we go higher. Downside levels - 2250-55, price attempts this level an opportunity to long may be available. Breaking the level will give us the extension of the move 2230-35 before any RIPs. 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 REPORTKOG REPORT: In last week’s KOG Report we said we said the correction in gold was likely going to be profit taking and we were not ready to suggest it’s bearish as yet. We suggested that resistance may hold during the early part of the week and if it did, we felt the opportunity to short the market back down into 2330-35 and below that 2310-2295 would be available. We said these are the levels we wanted to see the RIPs, and would represent opportunities to long the market back up in to the levels we had given, and for us into Excalibur targets sitting higher. As you can see, apart from the extension of the move into 2310, we got our move again upside giving us another phenomenal week on Gold in Camelot. Towards the end of the week, we gave traders the higher levels in which to look for the short trades, and again, perfect level to level trading implemented giving us the move down, then in Camelot, 2375 held for us to take it up again closing of the week. Great work by the team not only on Gold, but the numerous other pairs we trade. So, what can we expect in the week ahead? We wanted to see if they could close this above the 2400 level which failed on Friday, so even though we’ve been saying it for a couple of weeks, we’re going to play caution again on long trades unless we get a really significant pullback on Gold. We have the resistance level 2395-2404 which is holding the price down at the moment with support 2375 giving us the bias bullish above. However, for this week, we’re expecting them to attempt to break that high at some point and rather than taking long trades into the higher levels, we’ll be looking to capture another decent short trade from higher up. So, on open if we see support hold, traders could be presented with the opportunity to level to level long up into the 2404, 2410 and above that 2414-20 regions. We would suggest it is level to level with trades protected as soon as is viable and partials taken along the way. It may also be an idea to leave small runners with an open TP into the extension level 2340-55 which we’re identifying this week as an order region. It’s these levels where we’ll be looking for RIPs based on the set up if it is presented to short the market back down, with the view that we have potential to break below the 2375 price point. Please note, breaking and holding above 2404-6 is needed for us to target those higher levels. On the flip, although structure looks like we’re going higher, this range is confusing traders, not only getting them stuck mid-way but also whipsawing them into cutting and taking their stops. There is a small indication of a move down, but it’s not as significant as we would like at the moment, so we will say, if they do push this down, 2370-75 is the key support level which will need to break for us to go lower. KOG’s bias for the week: Bullish above 2370-5 with targets above 2404 and above that 2414 Bearish on break of 2370 with targets below 2355 and below that 2342 It's a simple on this week, caution is needed on the markets, so many traders are treating this like we’re in normal everyday market conditions as they haven’t experienced anything else. These are extreme market conditions, your lot sizes and your money management are imperative to maintaining your account and helping it to grow. There are numerous posts on trading the range, how to use levels, as well as a trading strategy that we’ve posted previously, please use these to help guide you through these markets. We’ll update the report throughout the week as well as share KOG’s daily bias and levels, please keep a look out for them, they have proven to be extremely successful in guiding traders and keeping them in the right direction. 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
6
THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report, we said traders must be aware of the conditions they’re trading, and markets are moving at extreme levels, we said would be looking for that sudden turn in Gold that may catch traders out. We gave the initial resistance level on the open of 2330-35 where we anticipated the first move down into support, this gave traders an opportunity but it was short lived and only netted us 100pips. The move however, was pinpoint, into support and then the bounce giving the long trade back up level to level. We said a break of that support level is what will be needed for Gold to go down further, otherwise, the reaction from those levels could give the bounce, which is what we got into the region we wanted 2350-55. During the week, upon breaking the resistance level, we continued with KOG’s bias of the week, looking for the higher levels 2365 and above that 2372, which we completed. Excalibur however had other plans and kept activating long and looking at the move we decided to continue with the move taking longs until Thursday’s close, where we suggested no more longs and gave the levels for the potential turn. The third level worked a treat, giving traders the opportunity to short the market for a huge move to the downside, which is where we closed for the week. An absolutely fantastic week in Camelot, completing targets not only on Gold, but the numerous other pairs we trade, giving a record breaking pip capture for us since we started sharing our work. So, what can we expect in the week ahead? Are we now bearish? That’s the question on everyone’s mind at the moment! Answer, simply, no, not yet! This is a correction, but most likely profit taking at the moment, we still need a complete swing turn here to then start looking for this to target the lower levels we wanted last week, which are sitting around the 2270-50 region. For that reason, we’ll initially want to see how the markets open before taking any positions, there is a chance we will see gaps on open that may again catch some traders out, especially those who entered late session Friday and didn’t protect their trades! We have the immediate resistance above sitting at the 2355-65 region, if held during the early part of the week, we feel there is an opportunity to short the market back down into the lower support regions, 2330-35 and below that 2310-2295. This is where we want to see the first RIP, and if we get it we feel the long is available into the higher regions where we will only follow Excalibur and hopefully get to carry and trades, if we get them. Please note, breaking above that higher resistance level of 2365-70 will give us the move to fill that wick and potentially take us into an even higher high, so please be careful if you’re in the wrong way, make sure you act accordingly and have a risk model in place. On the flip, continuing downside from the open, we suggest traders leave runners on any shorts from above, looking for the levels below 2310 and below that 2290-95 where we feel there may be RIPs, but only temporary, giving traders an opportunity to long the market level to level upside. If we get this move, we will be looking to add short trades and move with the market. One key thing to note here, if this is a bearish move here, we need more confirmation on it, as institutions don’t usually stop in one day, they tend to continue the move so breaking that lower level of 2290-95 is important. Don’t worry about capturing moves from tops and bottoms, it’s extremely difficult to do unless you have the right guidance and experience in identifying the key levels. The market will always give opportunities, take it at your stride, use the levels provided and make sure you have a risk model in place. More extreme conditions to come in the week’s ahead! KOG’s bias for the week: Bearish below 2365-70 with targets below 2310 and below that 2295 Bullish on break of 2375 with targets above 2425 and above that 2447 Keep an eye on the daily analysis as well as KOG's daily bias which as many traders have seen, work extremely well. 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
8
THE KOG REPORT - UpdateEnd of day update from us here at KOG: In the KOG report on Sunday we gave the extension levels of 2365 and 2372 as bullish targets which as we can see we're extending in to and completed one of them. Yesterday we said unless we broke below the bias level we were likely to take liquidity from higher again, so put caution on the short trades. Again, the opportunity presented itself to long the market which we gladly took for a level to level red box trade adding to the other pairs that hit TP's making this one of the biggest Months so far in terms of completed targets and pip capture in Camelot. For that reason, we're going to take it easy now and wait for CPI unless a clean opportunity arises. So, what now? For the remainder of the session and the Asian session we have resistance now 2350-55 which if we manage to hold could give us the potential swing down into the support levels 2330 and below that our bias level 2320! Break above, and we have added a new level for everyone as the potential target region before another expected RIP. We've left the original chart illustration from Sunday's KOG Report as we did say there will be an extension of the move, so for now we'll stick with it unless anything changes tomorrow. Please remember, pre-event price action will entail choppy market movement and conflicting patterns as well as the potential small range forming. Please be cautious on your trading! 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
7
THE KOG REPORT -CPIQuick update on the charts pre-event. We'll keep it simple as for this, there is likely to be a lot of volume entering the markets on the release, and the movement can be extreme. A lot of traders are expecting this to pullback, and they may get the move, however, they could surprise everyone and continue this move to the upside before then bringing it down. We have added our basic intra-day levels as well as the hots spots on the chart. We'll be looking for RIPs at the levels. Immediate support stands at 2340 and below that 2320 which is our bias level, which if broken you can see where they can take the price. That's where we feel opportunities will present themselves to long the market. Immediate resistance stands at 2380-5 and above that 2390-5, if broken, you can see where they can take the price before any attempt on the pullback short! We'll stick with extreme levels, or, wait for the move to finish before we get involved. No need to throw ego's into calling the move this time as this one is an important one! As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
THE KOG REPORT - Update (what a day on Gold)End of day update from us here at KOG: Following on from the KOG Report published yesterday, what a move on Gold, point to point, level to level, as we like it here at KOG. Early session straight into support giving the short, then the RIP which was expected straight into the order region, and to top it off, the RIP from the order region for the short. Pip capture, unbelievable! We've been using the red box strategy for the rest of the move which has given us opportunities to capture the scalps 50-60pips a go in between. To be honest, that should be the week all done and dusted in terms of trading. So, what now? We have immediate support below 2315-10 which will need a forceful break to go lower, otherwise, any attempt on support could result in another RIP to take away the liquidity now sitting above 2350! For that reason, unless you're already short from the region given and protected, caution on shorting low in this range unless we confirm the break. Resistance now stands at 2330-35 with a break taking us higher before we then attempt to target lower pricing again. They're not going to make it easy, so stay disciplined and control lot sizes, the trade will come! 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
2
THE KOG REPORTKOG REPORT In last weeks KOG Report we said we would be expecting the market to start the week in a range of 2035 resistance and 2018 support. These were the levels we were expecting to enable us to us the red box strategy and scalp the markets level to level, which worked well. We gave the bias level as bullish above 2020 for the week, which, although we had a slight extension to the downside gave opportunities to long the market for the bias target level. We wanted 2030 but managed 2027 from 2018 which was more than enough. For the week, ideally what we wanted was for price to take the liquidity from the upside and give us the opportunity to short the market into lower levels, forcing us to change our bias. Unfortunately, wasn’t to happen last week, but we still made a success of it with the report. So, what can we expect in the week ahead? This week looks like it will be aggressive, so please make sure you have your risk model in place and you’re waiting patiently for the right levels to take entries. We have a lot of news on the calendar as well as NFP and FOMC on the horizon. So, for this week we have 3 levels in mind as potential RIPs or target levels for price to achieve. The lower support regions of 2010-12 are important, if targets and rejected, we see potential for a bounce here back up into the 2030-35 order region where price may settle pre-event. This level is important to hold price below, as breaking above it will lead to further gains. If however this level holds price, and we see a clean setup, we feel there is an opportunity to short the market from there in hope of breaking through the 2000 level!! On the flip, if we do break above 2035 with volume, 2045 and in extension 2050 are crucial level for bulls to break, otherwise, potential for a the spike, SL hunt and we'll see the plan complete. In summary: Price below 2030, we’ll be looking for lower levels following Excalibur. Price breaks above 2035, we’ll be looking to trade level to level upside, looking for 2045 for a potential RIP. It’s as simple as that this week, buy low if you and sell higher if you can. Don’t let the choppy price action trap you in small ranges where candles look small. Make sure your lot sizes are in accordance to your account size, otherwise you will get into trouble. KOG’s bias for the week: Bearish below 2035 with targets below 2010 and below that 1997 Bullish on break of 2035 with targets above 2045 and above that 2050 We’ll update the report through the week as well as hopefully publish the FOMC and NFP KOG report before the releases. 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
2
THE KOG REPORT KOG REPORT In last week’s KOG Report we said we would be looking for the resistance level 2060-65 to be targeted on open and if held, an opportunity to short the market would be available. We were initially looking for a bigger move down, but the short into immediate support is all we got. We then switched to KOG’s bias of the day and week with a target level give to traders of 2070 and above that 2085. Level to level trading using the red box strategy and the daily bias worked well for us before then posting the update where we said we would be expecting a slight correction into the order region below so to play caution on the long trades. As you can see, just after we posted, the next session began the move down towards the order region closing the week, month, and year. We’ve had a phenomenal year in Camelot with a hit rate on Gold at 93% and Silver hitting 91%. That’s not to mention the numerous other pairs we trade with an average hit across all at over 90%. We said we would smash 2023 and we sure did! So, what can we expect in the week ahead? Firstly, we need traders to understand, it doesn’t matter where the price is going, if your strategy is right, you should be able to trade it wherever it goes. Price action is the key to this, learn it. Doesn’t have to be with us, but there are so many resources available to make the most of your education. This will help you stay in the right direction, but most importantly, understand when you’re wrong and adapt your view. Don’t marry the trade, don’t marry your bias! You will have noticed throughout our time on Tradingview, we’ll go long when the market entails it, and we’ll short it when it needs to be shorted. Moon or ground, we’ll trade it wherever it goes. Volume is low and neutral at the moment, so potential for some ranging in the first couple of days of the New Year. We have intraday resistance now at the 2065-70 level, and as long as that holds the price below, an opportunity to short the market down into the 2055-50 level could be available. What we want to see here is if they break, which, if they do, we’re likely to hit the lower order region 2030-35 before then an attempt to recover back up for the long trade into 2070 and potentially higher up breaking the 2100 level. This all however depends on a clean reversal from the lower levels 2050, 2045 and in extension 2030! No flip for this week, we’re only looking for one move and that’s to the downside level to level before attempting that long, as long as we hold. To be honest, our problem here is the yearly close, although it’s the highest ever, it wasn’t above the level we wanted! So, for the week’s ahead, lets keep an eye on that 2030-35 region and look for a reaction in price around there. Breaking that level, and again, we’re on for more whipsawing and a very choppy start to the year! KOGs bias for the week: Bearish below 2075 with targets below 2055 and below that 2037 Bullish on break of 2075 with targets above 2090 and above that 2017 Wishing you all a Happy New Year and a successful year ahead in your trading. Learn to earn, please spend time on your education, it’s like any other profession, it takes time, it takes learning, and it takes practice. The opportunities are endless, how much time you put in is up to you though. 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
12
THE KOG REPORTKOG REPORT: In last week’s KOG Report we said we would face a difficult week on the markets and will be looking for higher pricing on Gold, and if price did start with a decline, we would be looking for the levels 1970-65 for a strong support before attempting the long trade into the target regions we had above. We gave KOG’s bias level as 1965 bullish above and a target price of 2003 on our morning review and update. Looking at the move that occurred, it couldn’t have been anymore precise with the low being put in at 1965 and the target regions above completing. Another successful week on the markets with not only on Gold, but the numerous other pairs we analyse and trade. So, what can we expect in the week ahead? It’s the end of the month, so expect there to be some profit taking across the markets which will cause a lot of volatility. It’s a good idea for most traders, but especially new traders to sit out of the markets during these periods, rather spending their time on education, practicing, and improving their techniques and strategies. Gold, we can see higher pricing, however, again, how high are they going to take it? We’re looking for two moves this week, either the long from the immediate support level or KOG’s bias level which we’ll issue, or a short if price continues to the upside from the open. We’re a too high to get a decent entry from this level, so Monday could be played sitting on the sidelines waiting for price to make a move into the levels we want before attempting a trade. Of course, we’ll also be waiting for our trusted Excalibur to guide us. Levels of interest on the downside are the 1990-85 levels, where, if support holds, we feel an opportunity to long the market into the higher resistance levels could arise. We’ll be monitoring the 2010-15 resistance closely, if achieved, this is where we feel a reaction in price may take place, potentially giving bears an opportunity to short the market back down into the support levels below. A break of that level will continue the move into the previous order region 2030-35 so it could be an idea to hold a runner for higher pricing. A weekly and monthly close above that 2020 level is important for bulls and it’s likely there will be a fight for the close, so please trade this wisely, if you’re going to trade it. On the flip, if price does continue to the upside from the open, we’ll again be looking at 2010-15 for a reaction in price, otherwise, we’ll trade this level to level long on the intra-day using our red box strategy until we feel there is an opportunity to short it back down. KOG’s bias for the week: Bullish above 1985 with targets above 2010 and above that 2015 Bearish on break of 1985 with targets below 1975 and below that 1965 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
6
THE KOG REPORTKOG REPORT: In last weeks KOG Report we suggested that if price began with a decline and stayed above the 1920-23 price region, we felt an opportunity to long would be available, based on strong support. We gave the levels above as 1950-55 and above that 1965 and 1970 as the target levels to aim for and then added the daily bias levels. We gave the weekly bias level high at 1995 which was short by a few pips and managed to complete all the daily bias levels given to traders. Well done to those who followed and managed to get something out of the markets, not only on Gold, but the numerous other pairs we trade and share. So, what can we expect in the week ahead? Again, this is going to be a difficult week for traders to navigate and stay ahead of, so please make sure you have a risk model in place as one big move in the opposite direction can really cause traders problems. We can see there being potential for higher pricing, but what we want to see again this week is how low to they attempt to take it while staying above the order region. We have the levels below as key support regions 1970-65 and below that 1950-55, which price needs to stay above in order to target and potentially break above the 2000 barrier. So, for that reason, we will be looking for a similar scenario to last week. If we see price attempt the lower support regions 1970-65 and below that 1950-55, we feel an opportunity to long the market up into the 1995 and above that 2003 levels could be available to traders. It’s at these price points that we want to monitor price action and look for signs of a RIP. If we struggle around the 2006-10 region with extension into 2015-17, we will be looking to short the market back down with an open take profit. On the flip, continuing upside from the get-go, we will be looking to trade level to level into the regions we’ve mentioned above, before then looking for the short trade back down initially into the 1965-70 region and then hopefully further down. KOGs bias for the week: Bullish above 1965 with targets above 1995 and above that 2003 Bearish on the break of 1965 with targets below 1955 and below that 1943 This gives us a potential range 1935-2010 for the week ahead. 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
2
THE KOG REPORTKOG Report: In last week’s KOG Report, we said we would be looking for price to attempt the high before finding resistance and then we would be looking to short the market. Initially targeting the 1980 level, and upon the break, we would have more confidence in lower pricing. We had the path showing the 1950-55 level and gave the extension levels of 1947-5 as the potential RIP zone. Price followed the path nearly to the pip each way giving us a level to level, point to point move on Gold, not only the short down, but the bounce giving us a scalp capture to the upside where we wanted 1970 but got 1964. During the week, we gave KOG’s bias of the day with the levels and activation of bearish below, completing all the bias levels and targets given. A great week of targets completing not only on Gold and the other instruments we trade, but Silver being the star of the show finishing off the week. So, what can we expect in the week ahead? Another choppy week is likely with whipsawing price action and swings in both directions. We’re at a crucial price point in Gold having broken the order region which is now on the flip. This structure, however, does complete in extension into the 1920-23 price region. This price point is important for Gold to stay above, as a close below here will lead us to lower pricing. This gives us the weekly resistance level now standing at 1950-55 order region which will be a crucial test and potential opportunity for any long trades. This is the price point we want to monitor with further resistance levels 1965 and above that 1970. From opening and in the early sessions, if we see price attempt the lower support regions, upon holding and strong support, with a clear set up, we feel an opportunity to long into the higher levels 1950-55 and above that 1965 are reasonable. We’re too low here to short the market, so opportunities may come from higher up if gold wants to play nicely. For that reason, if we do push up during the early part of the week, we’ll target the long trades from the intraday support levels and Excalibur guiding us before looking for resistance to hold above, and then attempting the short trade back down to break the 1930 level. The path is shown on the chart together with the levels we’re looking at. KOG’s Bias for the week: Bearish below 1965-70 with targets below 1910 Bullish on break of 1970 with targets above 1985 and above that 1995 This gives us the potential range 1910-1985 for the week ahead. 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
18
THE KOG REPORT UPDATE:End of day update from us here at KOG: We've seen price come down from 1990 this week straight into the order region with the highlighted extension into 1947-5 holding price, giving the long trade into the Excalibur target. What now? Resistance stands just above here at 1968 with the bias level now on the flip. Immediate support 1955 needs to break to go lower and above the order region we would suggest level to level if you're in long from below. Range for the remainder of the session possibly 1970 resistance, 1955 support. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
7
THE KOG REPORT UPDATE:End of day update from us here at KOG: We got the scalps to the upside but that short worked a treat, straight into Excalibur as well as completing the bias level. TAP AND BOUNCE was 30-50pips to the upside so far but we would suggest caution, a retest late session or Asia session could be on the cards. For that reason, we would say support 1947-45 as an extended move with resistance now above at the 1965-70 level which will need to break for us to go higher. 1950-55 order region is really important now, they could hover here and range until tomorrow simply accumulating orders, so level to level please. From Camelot this morning: Pair: Date: Timeframe: XAUUSD 08/11/23 1H Support: 1965 / 1962 / 1955 / 1952 / 1950 Resistance: 1970 / 1973 / 1978 / 1982 / 1988 Price: 1966 KOG’s Bias for the day: Bearish below 1978 with targets below 1955 Bullish on break of 1978 with targets above 1988 As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
2