End of day update from us here at KOG:
What a mission with gold, swings one way, swing the other, taking liquidity within the range and yet sticking with the illustration posted. We managed to get the move upside, pin point short into the level we wanted and then a bounce from the 3350 level again! We had a target lower, but suggested we wait for the 3370-5 level which we weren't happy with and ultimately broke, only then to give us the long into the LiTE and Excalibur targets and to complete most of the red box targets.
We now have support here at the 3375 level with extension in 3368 which are the levels that need to hold us up, then break the red box and we can attempt the higher levels.
KOG’s bias for the week:
Bullish above 3340 with targets above 3370✅, 3373✅, 3379✅ and above that 3384✅
Bearish on break of 3340 with targets below 3330, 3320 and below that 3310
RED BOXES:
Break above 3365 for 3372✅, 3375✅, 3379✅, 3384✅ and 3390✅ in extension of the move
Break below 3350 for 3346, 3340, 3335 and 3330 in extension of the move
As always, trade safe.
KOG
What a mission with gold, swings one way, swing the other, taking liquidity within the range and yet sticking with the illustration posted. We managed to get the move upside, pin point short into the level we wanted and then a bounce from the 3350 level again! We had a target lower, but suggested we wait for the 3370-5 level which we weren't happy with and ultimately broke, only then to give us the long into the LiTE and Excalibur targets and to complete most of the red box targets.
We now have support here at the 3375 level with extension in 3368 which are the levels that need to hold us up, then break the red box and we can attempt the higher levels.
KOG’s bias for the week:
Bullish above 3340 with targets above 3370✅, 3373✅, 3379✅ and above that 3384✅
Bearish on break of 3340 with targets below 3330, 3320 and below that 3310
RED BOXES:
Break above 3365 for 3372✅, 3375✅, 3379✅, 3384✅ and 3390✅ in extension of the move
Break below 3350 for 3346, 3340, 3335 and 3330 in extension of the move
As always, trade safe.
KOG
Trade active
That's where we stand at the moment with no break above the red box for higher pricing at the moment. We have defence below at the 3355 level and below that 3350. Bias level is 3365 for today with resistance now 3375
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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.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔵 FREE TELEGRAM CHANNEL: t.me/KnightsofGold
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 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.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.