THE KOG REPORT – FOMC
This is our view for FOMC, 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.
We’ve done pretty well this week so we’ll only share the levels and potential path but say that it’s really not worth getting involved in the FOMC move itself. We’d rather wait for them to move the price and then look for a set up to get a trade due to the extreme volatility on gold this month.
Below, we have the support level 3965-75 which needs to hold us up in order for this daily candle to close bullish and attempt to target the higher liquidity regions of 4050 and above that 4095. A break above which is very possible will take us into our area or interest which is around the 4150 region. It’s that region we will want to watch, if approached and we get a reaction, an opportunity to short from there may be available to traders.
Because we’re already in long from the swing, there is no point attempting to short it from here, instead, if we do go downside into the lower levels, we will be looking at the 3840-60 regions for a reaction in price to then attempt the scalp long.
RED BOXES:
Break below 3985 for 3955 and 3938 in extension of the move
Break above 4003 for 4020, 4030 and 4061 in extension of the move
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
This is our view for FOMC, 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.
We’ve done pretty well this week so we’ll only share the levels and potential path but say that it’s really not worth getting involved in the FOMC move itself. We’d rather wait for them to move the price and then look for a set up to get a trade due to the extreme volatility on gold this month.
Below, we have the support level 3965-75 which needs to hold us up in order for this daily candle to close bullish and attempt to target the higher liquidity regions of 4050 and above that 4095. A break above which is very possible will take us into our area or interest which is around the 4150 region. It’s that region we will want to watch, if approached and we get a reaction, an opportunity to short from there may be available to traders.
Because we’re already in long from the swing, there is no point attempting to short it from here, instead, if we do go downside into the lower levels, we will be looking at the 3840-60 regions for a reaction in price to then attempt the scalp long.
RED BOXES:
Break below 3985 for 3955 and 3938 in extension of the move
Break above 4003 for 4020, 4030 and 4061 in extension of the move
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
액티브 트레이드
RED BOXES:Break below 3985 for 3955✅ and 3938✅ in extension of the move
Break above 4003 for 4020✅, 4030 and 4061 in extension of the move
🔵 FREE TELEGRAM CHANNEL: t.me/KnightsofGold
🔴 TWITTER: twitter.com/knightsofgold2
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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.
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.