KnightsofGold

KnightsofGold

Took the trade early this morning to 1855. We were hoping for a small pullback towards 1848 before reaching the 1868 level. If we get it before we reach the target we'll go long again, otherwise we'll wait.

KnightsofGold Updated 

Waiting for a break of structure, retest of the break and then a small short towards the 1900 level. Patience is key, we haven't taken the trade yet, waiting for a clear break and confirmation.

KnightsofGold Updated 

Looking for 1954-57 to test a short. Still think we have room to go higher so the stop is in place. Resistance at the mentioned level and we'll test the short. Looking for 1915-1910

KnightsofGold Updated 

Looking for a test of support below for an entry. If we don't get the entry we'll sit it out. Ideally want a spike down, up towards 1960 and then we'll test the sell targeting 1930, upon successful resistance above. Small lot being used and SL in place.

KnightsofGold Updated 

We're waiting for another test around 1880. Upon successful rejection we'll test the short with below target.

KnightsofGold Updated 

Looking for support around here to take a quick LONG entry towards our target above

KnightsofGold Updated 

Waiting for the price to revisit 1876-78. We want to see resistance here, based on the price resisting we'll take a small short for the below target. I want to see a wick fill at some point today.

KnightsofGold Updated 

DXY filled the gap above and the gap below. There is one left at 92.00 which we feel needs to get filled.

KnightsofGold Updated 

Looking for 1905 area to test a short. All depending on whether it resists there or not. If it breaks the level we'll wait for 1920. Its Friday, no rush to trade and not worth getting stuck over the weekend.

KnightsofGold Updated 

Seems to be a clean head and shoulder on the 1H timeframe. Suggest to us we may see a small move up and then down before coming back up. We're looking at 1843 and 1868. If we get the pullback during FOMC we'll enter. If you're not an experienced trader we would suggest you don't trade FOMC. Wait for it to be over with, there are plenty of opportunities to...

KnightsofGold

Ideally this is what i'm looking for. If i don't get the pullback I won't take the trade. Pullback towards 1840 and a LONG entry for 1849-50

KnightsofGold

Bit late to get in, if it retraces a little down to shortterm support we'll go LONG for immediate target

KnightsofGold

We don't trade this but it looks good for a LONG if it breaks the resistance. Target next resistance.

KnightsofGold

Looking for support below. IF support holds, we're going to take a small LONG position with the target above.

KnightsofGold Updated 

I'm looking for support below for a LONG position. IF it supports i'm looking for around 92.00 as the target. Right now its an idea, needs to support below and give me a sign. We will update as the day progresses.

KnightsofGold Updated 

1850 is the pivotal point today. Looks like we'll get a reaction at this level. We've gone up and tested the neckline of the previous pattern, both 4H and Daily timeframes are showing we need to test the neckline below. We will sit tight and wait. 1850 to 1835 key areas.

KnightsofGold Updated 

If it resists above i'm going to take a small short with strict SL targeting 1848. Looks like a H&S forming on the 1 Hour chart so we could correct yesterdays move. Not trading advice.

KnightsofGold

4H: OANDA:XAUUSD Gold needs to break out on the 4H in order to test lower levels. Right now we're waiting for the next 4H candle to form and will analyse the market from there. I'm looking for a break of the trend-line to go lower or the formation of a double bottom to retest the higher price points. We remain neutral on the longer time-frames so will...