FX:XAUUSD   Gold Spot / U.S. Dollar

In last week’s KOG Report, we said we would stick with the plan and look for lower pricing on Gold, only for last week we were expecting a sharp bounce from the lower support level! We gave the levels on the charts at which we wanted the move to occur, where we wanted to short the market, where we wanted to then switch and go long, each level highlighted and tapped in to nearly to the pip. We moved up, got the short, moved down, got the tap and bounce support for the kings swing long up to where we closed on Friday.

A wonderful week again on the markets, completing targets not only on Gold but the numerous other pairs we trade. Many of you will have seen the power of the KOG Reports, week in week out, we’re showing you the market movement, trading it up, trading it down and trading it in-between. Wherever the market is going, we’re going with it using our unique strategy and our advanced system. Well done to those who followed, hope you had a fruitful week.

So, what can we expect in the week ahead?

This week we’re going to play caution on the markets! We should have a quiet day tomorrow with most of the action coming in the later part of the week. We have highlighted the important levels on the chart which we’re looking at for potential RIPs and where we will be trading it level to level using Excalibur to guide us. Ideally, to start this week we want to see price hold that lower support region 2004-6, and if held, we feel an opportunity to long the market back up towards the target 2020 (which is what we were looking for last week) and above that 2025 is reasonable. 2016 is a crucial pivot which we want to see price attempt to close above to then potentially settle and range below the order region 2030-35.

Now, on the flip, with extension of the move into the 2045 level but no daily close above, we feel there may be an opportunity to short the market back down, this is where we will update the plan again and share it with the community during the week, so we can keep track of where we can go.

It’s a short one this week and more straightforward than usual. Levels are on the chart, plans are in place. We wish you a successful week ahead on the markets.

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.


🔵 FREE TELEGRAM CHANNEL: t.me/KnightsofGold
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: www.instagram.com/knights_of_gold/

🟡 Disclaimer: Not financial advice. For educational purposes only.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.