KOG Report:
In last week’s KOG Report we said we would be looking for early session lows to then target the resistance levels 2017 and above that 2020-25 before we saw a reaction in price and would attempt to short the market back down into the lower support regions. Once again, we gave traders a plan, two levels and one target to aim for which gave us an phenomenal move to the downside completing not only the target we gave on the KOG Report, but numerous other targets we had on Gold in Camelot. If that wasn’t enough, we updated trader’s mid-week for the level where were expecting a reaction in price for the move back up for the long trade. Again, as you can see, nearly pip perfect TAP AND BOUNCE from the level now bringing us up in towards the target level we had given.
A great week for Gold traders if you followed.
So, what can we expect for the week ahead?
We’re still going to stick with our view from previous week’s where we are potentially looking for lower pricing, however, we have a packed week of economical news this week including FOMC, so we can expect the typical pre-event price action giving us choppy, ranging, and whipsawing movement across the markets. The support levels below now stand at the 1970 level which will still maintain the chart structure and the resistance level above firstly being 1990-95. This is the potential range for the pre-event price action in our opinion if they decide to range it. As you’re aware if you follow us, we’ll always suggest the trade comes after they’ve moved the market, so for that reason we’ll stick to the plan for now but will update it as we usually do with the FOMC KOG report if we see any changes.
We’re going to keep it short and try to update you along the way throughout the week leading up to FOMC.
Please trade the week carefully, if it starts the range try not to get caught trading in the middle of it and make sure to control your lot sizes.
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 early session lows to then target the resistance levels 2017 and above that 2020-25 before we saw a reaction in price and would attempt to short the market back down into the lower support regions. Once again, we gave traders a plan, two levels and one target to aim for which gave us an phenomenal move to the downside completing not only the target we gave on the KOG Report, but numerous other targets we had on Gold in Camelot. If that wasn’t enough, we updated trader’s mid-week for the level where were expecting a reaction in price for the move back up for the long trade. Again, as you can see, nearly pip perfect TAP AND BOUNCE from the level now bringing us up in towards the target level we had given.
A great week for Gold traders if you followed.
So, what can we expect for the week ahead?
We’re still going to stick with our view from previous week’s where we are potentially looking for lower pricing, however, we have a packed week of economical news this week including FOMC, so we can expect the typical pre-event price action giving us choppy, ranging, and whipsawing movement across the markets. The support levels below now stand at the 1970 level which will still maintain the chart structure and the resistance level above firstly being 1990-95. This is the potential range for the pre-event price action in our opinion if they decide to range it. As you’re aware if you follow us, we’ll always suggest the trade comes after they’ve moved the market, so for that reason we’ll stick to the plan for now but will update it as we usually do with the FOMC KOG report if we see any changes.
We’re going to keep it short and try to update you along the way throughout the week leading up to FOMC.
Please trade the week carefully, if it starts the range try not to get caught trading in the middle of it and make sure to control your lot sizes.
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
Trade closed: target reached:
Didn't get much of a move up to get a better entry for the target but we'll call that complete here.
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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.
