Gold is still within the range so not giving bulls anything to worry about at the moment. KOG members took a nice short yesterday at the 1830 level and we're still holding 30% of this trade.
What we're looking for now is for the 1806 and 1809 to act as resistance for this to go down further. IF it does break below then we do think this will not stop at the 1790-95 level this time, especially with NFP tomorrow.
We're taking Gold trades very lightly until after the NFP release as we don't want our traders to get stuck in positions with high volatility on the horizon.
We'll be back tomorrow with our usual NFP analysis and trade idea as well as projections.
Until then, please trade safe, trade smaller lots than usual and try to have a strict risk management plan in place.
KOG
What we're looking for now is for the 1806 and 1809 to act as resistance for this to go down further. IF it does break below then we do think this will not stop at the 1790-95 level this time, especially with NFP tomorrow.
We're taking Gold trades very lightly until after the NFP release as we don't want our traders to get stuck in positions with high volatility on the horizon.
We'll be back tomorrow with our usual NFP analysis and trade idea as well as projections.
Until then, please trade safe, trade smaller lots than usual and try to have a strict risk management plan in place.
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.