THE KOG REPORT:
In last week’s KOG Report we said we would be looking for the low to hold and for price to push upside into the target region on the chart which worked well for those following. We mentioned during the week that we would want to see a confirmed RIP from that level otherwise we will continue with the hot spots and red boxes and follow price upside, which again was successfully achieved.
On Friday however, we put caution on long trades and suggested traders wait for resistance to hold and rather than long, play the short card and attempt those lower levels mentioned in last weeks report.
As you can see, that also worked well for us in Camelot. We had another successful week, not only on Gold but all the other pairs we trade and analyse.
So, what can we expect in the week ahead?
For this week we have the key level of resistance at the 4610-12 level which if attacked early session will need to hold for us to continue with the move downside to collect the void below. There is support here at the 4590 level which may play as range support again, so let’s play caution early session due to it also being a US holiday. If we can break below that defence levels we will be looking for a temporary swing low to form around the 4520-35 region as we previously mentioned in earlier KOG Reports.
That swing low level is the line in the sand for bulls at the moment in our opinion. Breaking below should lead us into filling that gap that bears have been chasing for the last 2 weeks.
For now, we’ll stick with the plan and keep an eye on the defence levels together with the indicators to guide the way. Also, looking at the 4H liquidity indicators, we should see some bullish volume enter the markets over the next couple of days. Based on that, one of these levels are going to give the RIP!!
RED BOXES:
Break above 4608 for 4635
Break below 4590 for 4555
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 the low to hold and for price to push upside into the target region on the chart which worked well for those following. We mentioned during the week that we would want to see a confirmed RIP from that level otherwise we will continue with the hot spots and red boxes and follow price upside, which again was successfully achieved.
On Friday however, we put caution on long trades and suggested traders wait for resistance to hold and rather than long, play the short card and attempt those lower levels mentioned in last weeks report.
As you can see, that also worked well for us in Camelot. We had another successful week, not only on Gold but all the other pairs we trade and analyse.
So, what can we expect in the week ahead?
For this week we have the key level of resistance at the 4610-12 level which if attacked early session will need to hold for us to continue with the move downside to collect the void below. There is support here at the 4590 level which may play as range support again, so let’s play caution early session due to it also being a US holiday. If we can break below that defence levels we will be looking for a temporary swing low to form around the 4520-35 region as we previously mentioned in earlier KOG Reports.
That swing low level is the line in the sand for bulls at the moment in our opinion. Breaking below should lead us into filling that gap that bears have been chasing for the last 2 weeks.
For now, we’ll stick with the plan and keep an eye on the defence levels together with the indicators to guide the way. Also, looking at the 4H liquidity indicators, we should see some bullish volume enter the markets over the next couple of days. Based on that, one of these levels are going to give the RIP!!
RED BOXES:
Break above 4608 for 4635
Break below 4590 for 4555
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
🔴 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.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
🔵 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.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.