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.
A quick FOMC Report today due to the increased volatility in the markets and the move we wanted already having been achieved.
We have the lower support level here at 5306 level which needs to break to go lower, while the resistance above is sitting at 5335-40 which in our opinion needs to break to go higher. We’ve added the hot spots and we’ll publish the red box targets and algo targets, however, we will say this, these are risky markets and although price is moving without pull backs, they’re going to want you in high before they make that correction.
Sentiment doesn’t seem to be there yet with the confidence in the move lacking, so one way to do that is to drop the price, and get those buyers in at every support level.
Caution is needed, let them move the price, once it settles, the structure will form for the trade to present itself.
RED BOXES:
Break above 5410 for 5415, 5420 and 5434 in extension of the move
Break below 5379 for 5370, 5358, 5350 and 5427 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.
A quick FOMC Report today due to the increased volatility in the markets and the move we wanted already having been achieved.
We have the lower support level here at 5306 level which needs to break to go lower, while the resistance above is sitting at 5335-40 which in our opinion needs to break to go higher. We’ve added the hot spots and we’ll publish the red box targets and algo targets, however, we will say this, these are risky markets and although price is moving without pull backs, they’re going to want you in high before they make that correction.
Sentiment doesn’t seem to be there yet with the confidence in the move lacking, so one way to do that is to drop the price, and get those buyers in at every support level.
Caution is needed, let them move the price, once it settles, the structure will form for the trade to present itself.
RED BOXES:
Break above 5410 for 5415, 5420 and 5434 in extension of the move
Break below 5379 for 5370, 5358, 5350 and 5427 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
İşlem aktif
No break below 79, and we've hit the 40
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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.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
🔵 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.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.