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KnightsofGold
Jan 3, 2022 7:17 PM

XAUUSD 4H - Levels 

Gold/U.S. DollarFXCM

Description

End of day update:

We saw a strong resistance at the 1830-35 region as we suggested in the KOG Report and managed to get a nice short into the 1815, 1810 and 1800 levels. We’re now removed a majority of the trade and set the stop to entry just in case we achieve our lower immediate target of 1785. We are now looking for a small push up with the first initial level being 1806-8 and above that 1812-14. . We want to see how the price reacts at this level and whether we face resistance. If we see resistance here we’re on for our target level of 1785 and below that 1777 which was a previous key level. We have illustrated what to look out for and the levels to trade between.

Please have look at the linked chart which shows the range and how the price has now come back into the box.

As always, trade safe.

KOG
Comments
heartfirevictoria
I'm still in the learning stage, sometimes I misread the map. hahaha
but it's okay

One day I'll be sure to read it properly.
UnknownUnicorn493766
@heartfirevictoria, Nothing wrong with that... Good first steps build the foundation
KnightsofGold
@gremic, 👍
KnightsofGold
@heartfirevictoria, Take your time, don't just look at the illustration, always read the review as well.
amingh8877
no
KnightsofGold
TradeChartPatternsLikeThePros
very nice heres my view
KnightsofGold
@Constantino, If you're going to comment, comment on our analysis and give us your thoughts. Posting your chart and scouting for followers is just pointless. Please refrain. Thanks.
TradeChartPatternsLikeThePros
@KnightsofGold, ver nice keep it up
HayeTrading
Quality post, price has seen a nice bump up and through these levels 👍
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