KOG Report FOMC:
This is our view for FOMC today, 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 can cause aggressive swings in price.
Gold has worked well for us this week as well as the other pairs so for this FOMC we’re not really too concerned about getting into a good position for it. What we will say though is to wait for the move to finish, that’s if its not already priced in. This is either going to be another no show event or, we’re going to see this tap into the highs or lows over the coming sessions.
So, what can we expect in the coming session?
We have support here on the hourly at the 1820 region, as we said the other day there’s a bit of a mess left behind that the market may want to clear up and then resume the bearish move! We have some Excalibur targets on other pairs which suggest we may get a push down first and then a rise up into the 1850-55 level. So we will look at this as always with 2 scenarios in mind, with the view not to take any entries unless the market targets the high or the low regions. If we don’t get those regions then we’ll simply sit out and revert back to intraday trading from tomorrow.
Scenario 1:
They push the price down, we will only be looking for the lower support region which is sitting around the 1780-85 mark before we then look for strong support, we feel this level would represent an opportunity to then long the market back up into the 1800, 1810 and above that 1820 levels initially.
Scenario 2:
They push the price up, we will be looking for the higher resistance level of 1850-55 and above that 1880-85 where is we see resistance we feel an opportunity to short the market will present itself.
As we said, we’re going to keep it simple this time. The markets are very volatile and aggressive, and it doesn’t look like they’re finished yet! We had a good week and don’t want to give anything back to market so please trade carefully if you are going to trade it.
Hope this helps in preparation for FOMC, we will update you as we go along as we usually do. 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 today, 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 can cause aggressive swings in price.
Gold has worked well for us this week as well as the other pairs so for this FOMC we’re not really too concerned about getting into a good position for it. What we will say though is to wait for the move to finish, that’s if its not already priced in. This is either going to be another no show event or, we’re going to see this tap into the highs or lows over the coming sessions.
So, what can we expect in the coming session?
We have support here on the hourly at the 1820 region, as we said the other day there’s a bit of a mess left behind that the market may want to clear up and then resume the bearish move! We have some Excalibur targets on other pairs which suggest we may get a push down first and then a rise up into the 1850-55 level. So we will look at this as always with 2 scenarios in mind, with the view not to take any entries unless the market targets the high or the low regions. If we don’t get those regions then we’ll simply sit out and revert back to intraday trading from tomorrow.
Scenario 1:
They push the price down, we will only be looking for the lower support region which is sitting around the 1780-85 mark before we then look for strong support, we feel this level would represent an opportunity to then long the market back up into the 1800, 1810 and above that 1820 levels initially.
Scenario 2:
They push the price up, we will be looking for the higher resistance level of 1850-55 and above that 1880-85 where is we see resistance we feel an opportunity to short the market will present itself.
As we said, we’re going to keep it simple this time. The markets are very volatile and aggressive, and it doesn’t look like they’re finished yet! We had a good week and don’t want to give anything back to market so please trade carefully if you are going to trade it.
Hope this helps in preparation for FOMC, we will update you as we go along as we usually do. 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.
