We're sharing the chart we have been using to trade this quite successfully when we add our Excalibur Algo to the equation. The circles are potential target levels but right now something it telling us there is move on the way that is going to surprise traders, so we'll look for the resistance levels to hold and show signs of a potential reversal. As always,...
There's something on the chart here that is suggesting there is a move to come on this and it's going surprise traders, for that reason we would say for now caution on the short trades as there looks to be a bounce on the way! Break of support and this will go lower before turning upside. As always, trade safe. KOG
End of day update: The market moved as we wanted into the higher levels but it just didn't go to plan unfortunately. Ideally we wanted the pullback into support then the opportunity to go long into those higher levels and then the opportunity to hunt the short. Instead, well, you can see what happened. Markets gapped on fear and although we hit the Excalibur...
Key daily support here, break below and this will go down for a potential bounce, however, this level here should be strong. As always, trade safe. KOG
We've been using this chart in Camelot shorting the top using the potential rounded top which was in play. We're now looking for a brief push to the upside and if resistance holds we will want to look for opportunity to short it. We'll update as much as we can. As always, trade safe. KOG
KOG Report: In last weeks KOG Report we said we had the higher resistance levels in mind of 1865-70 and the lower support regions of 1840-45 immediately with 1830-35 below that. We suggested the price may play this range with the possibility of a swoop either side to grab liquidity before moving. We suggested the price would make an attempt to retrace in the...
Quick update from us here at KOG: On Sunday we identified the 1825 region as a potential target price for Gold so updated with a plan to protect the short trades but to wait to go long. Excalibur gave us further indications of the short so we managed to stay in and complete numerous Gold targets as well as targets on the other pairs we trade. Today we have...
05/03/23 KOG Report: In last week’s KOG Report we were expecting the bounce from the support a little lower than what we illustrated but the pattern formed earlier in the week and gave the opportunity to take the long trade into the 1830-35 order region we were anticipating. At this level we were looking for a reaction in price and wanted to ideally take the...
26/02/23 KOG Report: In last week’s KOG Report we said we could see some bullish orders coming in, however, we suggested looking at the higher levels of resistance to confirm the move to the upside. We gave the order region of 1830-35 with a bias of bullish above and bearish below and suggested caution on the break! We stated, that if that level broke to the...
Gold continues to play the frustrating range while giving opportunities only to the scalpers. We've rejected both immediate support and resistance levels but the move we wanted hasn't quite happened as yet. For that reason we'll now switch to the extreme levels rather than trying to grab an entry for the range. Above 1830 we're still temporarily bullish but a...
Weekly Chart: Again, same chart we’ve been sharing and tracking. We’ve tracked this using KOG’s bias and order region movement to stay in the right direction of the market. The higher level we had marked out has been ticked and completed as well as the two lower support region we had identified for the move. That leaves us with one question mark on this chart!...
Daily Chart: This is the daily chart we have been sharing for over a year now, nothing has changed and nothing has been moved. You can see the levels now above have been ticked off as well as the support level below which has been ticked and marked as completed. That only leaves us with the levels below but entails caution. Will we see this drop below 1800 and...
19/02/23 KOG Report: In last weeks KOG Report we highlighted the levels and plan where we were looking for the short trade down into the 1820 support level. We gave the level of 1860-55 as support for the early week range before the push up where we were expecting the price to at least target the 1880-85 level. Instead, bears took over earlier than expected...
What a week and month on Gold. The level we wanted to short into has been tapped into giving a fantastic pip capture from the open. We highlighted the region we anticipated for the reaction in price with a green arrow on Sundays KOG Report and we got the TAP AND BOUNCE! What now? Hovering above the 1835 level and there is potential for this to tap into 1845-50...
12/02/23 KOG Report: After a very choppy and ranging previous week on gold we are hoping to see some action in the week ahead, especially with a full economic calendar. We’re anticipating some more ranging and choppy price action in the early sessions but the rest of the week looks like we may see some liquidity grabs, so please make sure you position yourself...
So we got the short from 1865 into the 1830-35 region where we suggested we would likely see support and a reaction in price. We got a late Excalibur indication to the upside and one to the downside, the one to the upside is now complete leaving a lower open for target. For that reason we would suggest looking at the key levels for a RIP and possible turn. ...
End of week update from us here at KOG: It's been a good couple of weeks with us catching the top on Gold and carrying it down to key level support. This week we've seen a lot of frustrating ranging and choppy price action which has given opportunities to scalp the markets but not much more. You can see the range is getting smaller so be careful, they'll make...
In last week’s KOG Report we said we were still expecting the correction in Gold and for that reason we would be going long level to level with caution and play with the intention of catching that short trade into the lower 1900’s. We gave the key levels of 1930-35 which is where we got out first opportunity to short the market into the lower 1900’s before a...