THE KOG REPORT -1H

May 10

THE KOG REPORT

In last week’s KOG Report we said we will stick with our plan from the week before and although we had a lower low than expected, we gave traders our algo hot spots to watch out for. bounces As you can see from the path, the hot spot was hit on the nose and price bounced giving us the long trade for a phenomenal capture during the week. We then updated traders with the NFP Report and again, gave the potential path and the hot spot to look for. And again, price hit our level and we got the RIP down to where we have closed on Friday.

A fantastic week in Camelot, not only on gold but also on the other pairs we trade, analysis and share our red box indicator trades on.

So, what can we expect in the week ahead?

For this week, again, we’re sticking with the same plan and instead of the usual 4H chart, we’ll use the NFP chart and see if we can get the move we wanted. This play has already hit our hot spot and we got the RIP, so anything from above should have been cleared, taken or protected by now.

Below we have the level of support at the 4704 level which price may test on the open, failure to breach can give us a bounce but that will flip us into 4735 resistance. We do have the higher level 4655-60, which is a possibility on the stretch, however, price needs to remain below these levels to come down again and attempt the break of 4700 to lead us into that lower level on the chart, where we wanted to wait during NFP for the long trade.

For this week we’ll keep it to a daily update rather than the week’s KOG Report.

RED BOX TARGETS:

BREAK ABOVE 4730 for 4740, 4747, 4752 and 4765 in extension of the move
BREAK BELOW 4704 for 4695, 4687, 4675 and 4666 in extension of the move

Quick and simple one this week. Let’s see how we start on the open and we’ll play level to level.

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As always, trade safe.

KOG

May 11

Trade active

NFP move downside completed here. Let's see if we get any RIPs

May 11

Trade closed: target reached

BOOM!