Daily Chart: Again, two levels given as targets for the move to complete. Both now completed. As always, trade safe. KOG
Weekly chart: Only two levels given on this chart to be looking for. The up and down, or the down and up, level to level, point to point move on the weekly chart, both targets completed. As always, trade safe. KOG
End of day update from us here at KOG: Yesterday we published the FOMC Report and said we would only be trading the extreme levels otherwise we would stay out of the markets. We gave the level above (illustrated) as the region (if it went up first) where we wanted to test the short on the market. This level also corresponded with the KOG Report levels on the...
Daily chart we have been using since last year. That high level is a concern and price looks like it will want to attack it at some point. So on a daily view we need to anticipate the push up, spike or grab from that level. What we need to see is how the structure support holds! So far, 1930-35 is again the key level. Please do support us by hitting the...
KOG Report – FOMC: 01/02/23 This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in...
Pre-event update: Gold has now settled within the range we anticipated 1920 to 1930-35 accumulating before the FOMC release later today. We can see a slight IHS on the 4H chart, however, this is typical of pre-event price action, they will give you conflicting signals and then potentially move the market the opposite way! Either use the levels to scalp or...
End of day update from us here at KOG: What a move a Gold today, not only a fantastic short from the 1930-35 level straight into our identified target giving a level to level, point to point move but then the TAP AND BOUNCE giving the long trade from the trendline support back up to correct the move. We mentioned this morning that the MA's were above on both the...
KOG Report: 29/01/23 In last weeks KOG Report we said we would be expecting a correction in Gold and would be looking at the 1930-35 region for level to level longs and above that 1950-55. We also said we would be looking at these same levels to test the short trades to take this down into the lower 1900’s and potentially even lower. As you can see we started...
End of day update from us here at KOG: Can't complain, the illustration provided gave a decent short trade from the resistance level down towards the bottom of the range. Since the bounce, both level have given scalpers numerous entries up and down within the pre-event price action and range. We would suggest protecting any trades and trying to take partials...
Here we are, just as we wanted, the lower support has been hit and we have a short term support. We need this to push up now....We're in!! As always, trade safe. KOG
6 Month Chart: We're sharing this again in case traders didn't see it last time. It shows the range we're playing in long term as well as the trend. We'll use this as reference for now but it shows you how big the play is here and what can happen on the breaks of the smaller time frame levels. Please do support us by hitting the like button, leaving a comment,...
Monthly chart: Not long now for this to close. A close above the 3 month resistance will confirm it as support and should open those higher price levels on Gold. So far, not planning on taking this to the moon any time soon! 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...
Weekly Chart: Same as last week on this one. We wanted it tap into the higher resistance where we wanted a reaction in price, so far bulls have only managed to take it in the psychological levels before a small rejection. We'll stick with the two levels in this range as targets and we'll use the smaller timeframe to guide us. Please do support us by hitting...
End of day update from us here at KOG: Yet another choppy day on Gold but price has managed to stay with the 4H range box we identified in yesterdays update. As we suggested, it would be level to level, they won't let you hold the long term trade without taking out the BE traders and hunting the stops before they move. We'll stick with the range for now,...
Daily Chart: Level completed to the upside with a short term bounce, however, would like to see this break below the 1900 level and attack that lower support. Otherwise, we go up into supply and that’s where the KOG report is suggesting a reaction in price, if it gets there! Please do support us by hitting the like button, leaving a comment, and giving us a...
Weekly Chart: We’ve completed this level with one remaining above and that lower region which is what was concerning us last week! We’ll be keeping an eye on that higher weekly level but we’ll trade with caution up here. Level to level on the way up! Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing...
End of day update from us here at KOG: Simple one today. Price formed a reversal pattern early session which gave traders an opportunity to short the market from the key level resistance, the bias gave a bounce from support into the 1942 level missing 1945 as we suggested, however still giving traders a good capture from this morning's review. Break came, we...
If this continues going down we'll be waiting below to test that level! If you're not used to trading this be very cautious. As always, trade safe.