We're going to end the week here with what to look keep an eye on for the remainder of the session. As we suggested this morning this 1830-35 is an important level and we can see how the price is using this region to accumulate orders by bouncing in and out of it. It still hasn't picked a short term direction leaving targets above and below so we would expect...
Quick update on Oil: So we finally got our entry above on this which has allowed us to move the stop to entry and protect. We will anticipate the move down but this is a difficult one at the moment, every possibility it can go up and test that high again. In any case, the entry is in and its protected so we'll play it we see it for now. As always, trade safe. KOG
Quick update on our GBPJPY trade: After numerous attempts into supply we've finally come down into our first target for this. We're expecting this to go lower, however, we would say take a majority of your profits here and protect the trade. There is a chance this can break back up and go to test the highs although we will be waiting lower to go long. If it...
Pair: Date: Timeframe: XAUUSD 21/01/22 1H Support: 1830 / 1827 / 1824 / 1818 / 1810 Resistance: 1837 / 1842 / 1846 / 1850-3 / 1860 KOGs Bias for the day: Bullish above 1835-7 with targets above being 1837, 1842 and above that 1846. Bearish below 1835-7 with targets below being 1827 and below that 1824. As we've shown in...
RANGE BOX: This post was update on the 8th of January. Its a continuation of previous posts about the range box and how to trade it. Please read the linked posts at the bottom. When the price is in a ranging market look for date og when the price was last in its range. Example above shows we had the range, a breakout above and then a break back inside the...
Pair: Date: Timeframe: XAUUSD 20/01/22 1H Support: 1838 / 1830 / 1827 / 1824 / 1818 Resistance: 1842 / 1846 / 1850-3 / 1860 KOGs Bias for the day: Bullish above 1830 with targets above being 1842, 1847 and above that 1851 Bearish below 1830 with targets being 1824, 1820 and below that 1814 Summary: Another bullish day on Gold leaving us...
Quick update for the end of the day. This morning we gave caution on short trades as we had suggestions of a bullish move on the horizon. We had an Excalibur target from a few weeks ago at 1833, because of that move yesterday into supply anticipated this to break that level and target the 1842 level. If you have a look at this mornings update you can see all...
XAUUSD 19/01/22 1H Support: 1814 / 1810 / 1806-4 / 1801 / 1797 Resistance: 1819 / 1824 / 1827 / 1830 / 1833 KOGs Bias for the day: Bullish above 1820 with targets being 1827 and above that 1833 Bearish below 1820 with targets below being 1810, 1806 and below that 1797 Summary: We’re going to trade with caution today hence why we've given the two scenarios...
Update for the end of the day. As we suggested this morning we were looking for the 1814 and 1820 levels to hold as resistance to target the short trade again into the lower levels. We gave the levels of 1810 which was hit and below that 1806-4 which was also hit and acted as a strong support. We still have a lower target as we illustrated this morning so we'll...
XAUUSD: Date: 18/01/22 Price is moving as we analysed in the KOG report and on yesterdays summary. We would like this to break below this level to confirm this move though as staying around here still gives the market every opportunity to still push back up. Use the levels on the chart and as KOG always says, trade it level to level. If you're in from 1820...
Quick end of day update from us. We're sticking with the plan we published yesterday on the KOG Report as the resistance level seems to be holding so far. We've published the 1H levels for you with the potential trend in play at the moment. Immediate range remains the same, only scalping possible today with limited volume and tight range due to US holiday. ...
We published this along with our KOG report a couple of months ago. You can see the chart formation and the monthly structure along with the triangle formation we're in. Its very important to keep and eye on the monthly levels as well as the monthly supply regions to add to your overall view of the market. The chart shows the areas of interest as well and the...
XAUUSD - In last weeks KOG Report we said we would remain bearish on Gold and that resistance levels should be used for short entries to target the lower levels. We said we would like to start the week with the price challenging the higher resistance levels which it did straight from the open and continued for most of the week. Our support level gave us a...
GJ.... Moving well for us and looks like it will go for our target. We're in and holding with stops to entry but not discounting some retracement in the week ahead. We'll update this during the week if there are any changes. As always, trade safe. KOG
Quick update on Oil. Its approaching our higher level as well as previous supply. We were looking for this to test and stay below that $85 level, however, there is a chance they may stretch the sellers out a bit higher so look for the resistance levels shown. We're still bearish on this, just waiting patiently! 6Hr: We'll update if there are any changes to...
Quick update to end the week from KOG. We've completed a point to point move here on Gold from resistance down to support. We're looking to see where we close this evening on Gold as a daily close above the 1820 could keep us on the path towards that 1830-35 level. We would expect this to either bounce back up from here to settle in the 1820-25 range or a break...
XAUUSD: Date: 14/01/22 Support: 1820/1814/1810/1804-6 Resistance: 1825/1830/1833/1835 KOGs Bias for the day: Bullish above 1810 with targets above being 1825, 1827 and above that 1833 Bearish below 1820 with targets being 1814, 1810 and below that 1804. Summary: We’re back in that range of 1820-25 where the market seems to keep wanting to accumulate orders. ...
Quick update for the end of the day. As we suggested this morning we could see a pullback coming on Gold and suggested not to buy at the higher levels, rather wait for the pullback to the identified levels and then get in long. The movement today based on the 1825 level holding as resistance gave a nice short trade into the identified target level where we got...