KOG Report:
In last week’s KOG Report we said we would be looking for the price to stay below the 1806-10 region where we would want to exit longs and take the short into the lower support regions. We got the move to the upside and rejected at 1811 giving the long up and then a short, but only into 1802. We wanted to see an attempt to swoop the low by staying below the 1806-10 level and then give us the opportunity to take the long trade back up into that 1830-35 region. Excalibur activated long earlier than expected and we managed to see the price go up exactly into that 1830-35 region where we said we are likely to see a reaction in price, just as expected we went up and got the TAP AND BOUNCE from resistance giving another fantastic short, it you got it.
A fantastic end to a fantastic year for us here in Camelot, not only on Gold, Silver, BTC, Oil but NAS and US30 to name a few. Pip capture was through the roof and the hit rate second to none!
So, what can we expect in the week ahead?
We have some levels in mind as well as targets for both the up and the downside in Gold for the week’s ahead. We would like to see price at least attempt to test that 1850-55 price region, however, in order to do so it needs to remain above the first structural key support region of 1806-10 which was last weeks resistance level. So we would suggest that any early session advance could be limited in order for the price to decline towards that 1810 level where we will need to wait for a reaction in price. A strong support there could be an opportunity to go long back up into 1830-35 as the first target and then upon a break and close of that level the 1850-55 region as the next target. If however we do get a strong advance into the higher levels then those resistance levels mentioned could be opportunities to short back down into the lower support levels with 1810 being the key level that will need to break!
We would expect some early week pre-event price action so please try to take it easy for the fist part of the week. It’s also the first week of the year so let the markets open, settle and find their feet before you resume normal trading practices.
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 price to stay below the 1806-10 region where we would want to exit longs and take the short into the lower support regions. We got the move to the upside and rejected at 1811 giving the long up and then a short, but only into 1802. We wanted to see an attempt to swoop the low by staying below the 1806-10 level and then give us the opportunity to take the long trade back up into that 1830-35 region. Excalibur activated long earlier than expected and we managed to see the price go up exactly into that 1830-35 region where we said we are likely to see a reaction in price, just as expected we went up and got the TAP AND BOUNCE from resistance giving another fantastic short, it you got it.
A fantastic end to a fantastic year for us here in Camelot, not only on Gold, Silver, BTC, Oil but NAS and US30 to name a few. Pip capture was through the roof and the hit rate second to none!
So, what can we expect in the week ahead?
We have some levels in mind as well as targets for both the up and the downside in Gold for the week’s ahead. We would like to see price at least attempt to test that 1850-55 price region, however, in order to do so it needs to remain above the first structural key support region of 1806-10 which was last weeks resistance level. So we would suggest that any early session advance could be limited in order for the price to decline towards that 1810 level where we will need to wait for a reaction in price. A strong support there could be an opportunity to go long back up into 1830-35 as the first target and then upon a break and close of that level the 1850-55 region as the next target. If however we do get a strong advance into the higher levels then those resistance levels mentioned could be opportunities to short back down into the lower support levels with 1810 being the key level that will need to break!
We would expect some early week pre-event price action so please try to take it easy for the fist part of the week. It’s also the first week of the year so let the markets open, settle and find their feet before you resume normal trading practices.
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
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🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: www.instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
