KnightsofGold

KnightsofGold

Please have a look at last weeks analysis on the weekly timeframe. We’ve tested this trendline resistance now numerous times, we’re also in a what we see as a liquidity zone. We’ve also left a long wick the previous week which the market failed to fill. Please note, it doesn’t always need to wick fill but its something to always keep an eye on. We’re...

KnightsofGold

A brief overview of the 4H chart as it stands at market close. If the short-term trend is correct then the impulsive rejection of support at 1730 levels was just the price coming back to retest the break! This could also be leading up to be forming a H&S pattern on this chart. Something we will be monitoring once the market opens on Sunday evening. ...

KnightsofGold Updated 

Not worth taking it unless we get some form of pullback to 15M support levels. The target looks good though, just want to get a better entry for it.

KnightsofGold Updated 

Looking again for support below. If we get successful support we'll take the long trade to the illustrated levels. Expecting this to hit the TP and then fall lower down later or tomorrow.

KnightsofGold Updated 

We're looking for a long again today, we want to target the 1750-55 level. Its too early to get in here, we want to test the support levels again hopefully later today and take the entry. The stop is larger than usual to give the trade some flexibility. We're looking lower for the first entry at 1735-32 regions and potentially below that at 1726.

KnightsofGold Updated 

Caution with this one. Looks good to go up. We don't really trade it but the setup looks good.

KnightsofGold Updated 

This is what we're looking for today. We want this to come down and the levels shown to show support. We want to take a small long trade here with a target of around 1740. We have 2 areas of interest, the 1726-28 level and lower down the 1722-20 level. We're using a larger than usual stop as we want the trade to have some flexibility. For this reason we're...

KnightsofGold

This is a messy scenario, typical of Gold. There’s and pattern retest where we left the double bottom which we should expect during the coming week or so. The triangle support was broken on the way down, now broken on the way up so 1726 is very important. We have a feeling they’ll want to get the bulls in higher up to drop it further down. We’re looking for...

KnightsofGold

Please have a look at our weekly chart for support and resistance levels. For the new traders, please add these levels to your charts. Starting to paint a clearer picture for us. All levels and technical being respected which is why we love trading Gold. We can see a clear double bottom formed and we can see the previous double bottom which failed to hold,...

KnightsofGold

Weekly: Please also have a look at our previous weekly analysis attached to the bottom. We will look at the smaller timeframes for indications on movement on the first trading of the week. This is an overview of our weekly outlook and the levels we will be looking at for market reactions. We can see we rejected at a key support level which has left a double...

KnightsofGold

We're expecting the price to continue with the bullish momentum. The area of interest is the 1727-30 region, this is where we're expecting a reaction. We have a breakout around this area that we're potentially going to test, however, we've also left a retest down below that is open. Support: 1710-08 Resistance: 1720/1727/1730

KnightsofGold Updated 

Looks like a clean IHS on this. If we get support below we'll test the long entry with a small stop just below. SL is a bit big for our liking but this could do what Gold did last week, break the neckline down and still go up. We'll wait for our strategy to give us confirmation but so far it looks good. Something to keep an eye on.

KnightsofGold

Looking for support at that 1730-27 level again on this chart. It seems to have broken out of the triangle that we posted on Friday. However, we have to remember that triangles can give false signals, they break on way first then go the other. Being a 4H TM the false break could be upwards towards our level of 1745-50 and maybe extend to 1765-70 before...

KnightsofGold

A very tight range for Gold last week. Looks like its trying to break back up into the upper range but struggling. Support remains at 1726-28 and resistance at 1740-45. We would expect some kind of pullback over Monday to potentially test the support level once again. We have NFP this week so unless it gets priced in early to mid-week we would assume this...

KnightsofGold

We don't really trade this but the structure looks good. 4H H&S up top that needs a potential test. Looking for a LONG trade trade but the entry looks like its yet to come from below.

KnightsofGold

Still stuck in this tight range even after yesterdays shakeout. Was a classic retest of the trend and sharp rejection. We want to see one of these levels break 1735-40 or 1726-20. Price is accumulating inside what is potentially a descending triangle. We're sitting on the sidelines at the moment waiting for this sideways movement to end before we get in to a...

KnightsofGold

Should come back towards the 92.40 level to take a rest. Still expecting this to go higher.

KnightsofGold

Trend break on 1H time frame. That 1727 level remains crucial as support and 1735-37 as resistance. An ideal scenario for bulls is for this to leave this price range quickly during the Asian session. We think tomorrow is the day this makes its move. We'll be on the charts early in the morning looking for clues. As always, trade safe.