XAUUSD - KOG REPORT - FOMC!
26/01/22
FOMC KOG Report
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 price.
We’re going to follow on from the KOG report published on Sunday for this FOMC report where we detailed our plan for the week. We suggested we would be testing the short once the Asian session had pushed the price up on market opening into the levels of 1835, 1830 and below that the region of 1827. This is where we have been waiting for the price to find support so we can potentially look at taking the long trade.
So based on our plan, we are now approaching the levels we have been waiting for to go long on the price. We didn’t however imagine it to be in tandem with FOMC! We have published the one hour chart and will say this chart is only applicable for FOMC and the movement straight after the release.
We will be looking at this with two scenarios in mind.
Scenario 1:
We will be looking for the price to push down into our target levels below where if we see strong resistance we will be looking to take the long trade into the higher resistance levels of 1837 and above that 1842. This is where we would like to remove a majority of the trade and see if it breaks up above these levels. There is a chance the 1842 level may hold strong and we the price turns here to test that low again before then coming back up.
Scenario 2:
This would be the ideal scenario for us. We would like to see the price push up from where we start, target the higher levels of 1842, 1850-55 and above that 1860. We want to see a test on the 1865 supply region where we will be waiting to short the market.
We’re not going to use the weak levels for this FOMC rather wait for the extreme high or lows before we get it. Its really not worth risking your account for one nights movement!
Please trade this safely, as we said above, if you are less experienced in these markets please stay out of it. The trade will always come, its best not to chase it and get involved in the noise.
Hope this helps fellow traders.
As always, trade safe.
KOG
FOMC KOG Report
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 price.
We’re going to follow on from the KOG report published on Sunday for this FOMC report where we detailed our plan for the week. We suggested we would be testing the short once the Asian session had pushed the price up on market opening into the levels of 1835, 1830 and below that the region of 1827. This is where we have been waiting for the price to find support so we can potentially look at taking the long trade.
So based on our plan, we are now approaching the levels we have been waiting for to go long on the price. We didn’t however imagine it to be in tandem with FOMC! We have published the one hour chart and will say this chart is only applicable for FOMC and the movement straight after the release.
We will be looking at this with two scenarios in mind.
Scenario 1:
We will be looking for the price to push down into our target levels below where if we see strong resistance we will be looking to take the long trade into the higher resistance levels of 1837 and above that 1842. This is where we would like to remove a majority of the trade and see if it breaks up above these levels. There is a chance the 1842 level may hold strong and we the price turns here to test that low again before then coming back up.
Scenario 2:
This would be the ideal scenario for us. We would like to see the price push up from where we start, target the higher levels of 1842, 1850-55 and above that 1860. We want to see a test on the 1865 supply region where we will be waiting to short the market.
We’re not going to use the weak levels for this FOMC rather wait for the extreme high or lows before we get it. Its really not worth risking your account for one nights movement!
Please trade this safely, as we said above, if you are less experienced in these markets please stay out of it. The trade will always come, its best not to chase it and get involved in the noise.
Hope this helps fellow traders.
As always, trade safe.
KOG
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🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
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