XAUUSD - KOG REPORT!
KOG Report:
In last weeks KOG report we said we still had indications of shorts and that we would be looking lower then target the long trades up. We said 1750 was in mind and that was a potential target. As you can see from the chart, we didn’t get the lower support region that we wanted but we managed to get just higher than the 1710 level shown on the charts. We updated traders during the week with our plan and our targets for the longs which are now complete. We did say that a break of 1750 would lead to higher pricing so let’s keep that in mind this week!
So, what can we expect in the week ahead?
We’re going to use the same 4h chart that we have been following for this week as the levels and plan haven’t changed much from the previous weeks. This week we can see there being potential for the manipulation move to continue taking us up towards that 1800 level. For that reason, we will again be looking to short the market level to level with the intention of taking the long trade to target the 1770, 1785 and above that 1801 price levels.
The key levels have been highlighted on the chart as well as the immediate support and resistance levels. We would like to see this open and target that higher region of 1770-75 and above that the 1780-85 level, if this happens during the early sessions then we feel there is an opportunity to short the market from those levels down towards the 1750 level and below that 1735. Those lower levels are where we want to see support before then deciding to take the long trade up to target the 1800 price point.
Please note, the 1750 squeeze is on, so please wait for confirmation on your entries, don’t just enter blindly as there it is likely they will use the volume in this region to really move the price in either direction.
Our view is still of the same and hasn’t changed for a long time. We are looking at higher levels but there is something on this chart that is telling us that there is a big move on the way and they may take Gold down with them. We’re treading carefully here, level to level, good risk rewards and letting Excalibur guide us through.
As always, we’ll update you during the week with our morning reviews and end of day updates.
Short one this week, the plan is the same, please look out for the daily, weekly and monthly chart updates.
As always, trade safe.
KOG
In last weeks KOG report we said we still had indications of shorts and that we would be looking lower then target the long trades up. We said 1750 was in mind and that was a potential target. As you can see from the chart, we didn’t get the lower support region that we wanted but we managed to get just higher than the 1710 level shown on the charts. We updated traders during the week with our plan and our targets for the longs which are now complete. We did say that a break of 1750 would lead to higher pricing so let’s keep that in mind this week!
So, what can we expect in the week ahead?
We’re going to use the same 4h chart that we have been following for this week as the levels and plan haven’t changed much from the previous weeks. This week we can see there being potential for the manipulation move to continue taking us up towards that 1800 level. For that reason, we will again be looking to short the market level to level with the intention of taking the long trade to target the 1770, 1785 and above that 1801 price levels.
The key levels have been highlighted on the chart as well as the immediate support and resistance levels. We would like to see this open and target that higher region of 1770-75 and above that the 1780-85 level, if this happens during the early sessions then we feel there is an opportunity to short the market from those levels down towards the 1750 level and below that 1735. Those lower levels are where we want to see support before then deciding to take the long trade up to target the 1800 price point.
Please note, the 1750 squeeze is on, so please wait for confirmation on your entries, don’t just enter blindly as there it is likely they will use the volume in this region to really move the price in either direction.
Our view is still of the same and hasn’t changed for a long time. We are looking at higher levels but there is something on this chart that is telling us that there is a big move on the way and they may take Gold down with them. We’re treading carefully here, level to level, good risk rewards and letting Excalibur guide us through.
As always, we’ll update you during the week with our morning reviews and end of day updates.
Short one this week, the plan is the same, please look out for the daily, weekly and monthly chart updates.
As always, trade safe.
KOG
🔵 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.