THE KOG REPORT
Updated
KOG REPORT:
In last weeks KOG Report we suggested that if price began with a decline and stayed above the 1920-23 price region, we felt an opportunity to long would be available, based on strong support. We gave the levels above as 1950-55 and above that 1965 and 1970 as the target levels to aim for and then added the daily bias levels. We gave the weekly bias level high at 1995 which was short by a few pips and managed to complete all the daily bias levels given to traders.
Well done to those who followed and managed to get something out of the markets, not only on Gold, but the numerous other pairs we trade and share.
So, what can we expect in the week ahead?
Again, this is going to be a difficult week for traders to navigate and stay ahead of, so please make sure you have a risk model in place as one big move in the opposite direction can really cause traders problems. We can see there being potential for higher pricing, but what we want to see again this week is how low to they attempt to take it while staying above the order region. We have the levels below as key support regions 1970-65 and below that 1950-55, which price needs to stay above in order to target and potentially break above the 2000 barrier.
So, for that reason, we will be looking for a similar scenario to last week. If we see price attempt the lower support regions 1970-65 and below that 1950-55, we feel an opportunity to long the market up into the 1995 and above that 2003 levels could be available to traders. It’s at these price points that we want to monitor price action and look for signs of a RIP. If we struggle around the 2006-10 region with extension into 2015-17, we will be looking to short the market back down with an open take profit.
On the flip, continuing upside from the get-go, we will be looking to trade level to level into the regions we’ve mentioned above, before then looking for the short trade back down initially into the 1965-70 region and then hopefully further down.
KOGs bias for the week:
Bullish above 1965 with targets above 1995 and above that 2003
Bearish on the break of 1965 with targets below 1955 and below that 1943
This gives us a potential range 1935-2010 for the week ahead.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
In last weeks KOG Report we suggested that if price began with a decline and stayed above the 1920-23 price region, we felt an opportunity to long would be available, based on strong support. We gave the levels above as 1950-55 and above that 1965 and 1970 as the target levels to aim for and then added the daily bias levels. We gave the weekly bias level high at 1995 which was short by a few pips and managed to complete all the daily bias levels given to traders.
Well done to those who followed and managed to get something out of the markets, not only on Gold, but the numerous other pairs we trade and share.
So, what can we expect in the week ahead?
Again, this is going to be a difficult week for traders to navigate and stay ahead of, so please make sure you have a risk model in place as one big move in the opposite direction can really cause traders problems. We can see there being potential for higher pricing, but what we want to see again this week is how low to they attempt to take it while staying above the order region. We have the levels below as key support regions 1970-65 and below that 1950-55, which price needs to stay above in order to target and potentially break above the 2000 barrier.
So, for that reason, we will be looking for a similar scenario to last week. If we see price attempt the lower support regions 1970-65 and below that 1950-55, we feel an opportunity to long the market up into the 1995 and above that 2003 levels could be available to traders. It’s at these price points that we want to monitor price action and look for signs of a RIP. If we struggle around the 2006-10 region with extension into 2015-17, we will be looking to short the market back down with an open take profit.
On the flip, continuing upside from the get-go, we will be looking to trade level to level into the regions we’ve mentioned above, before then looking for the short trade back down initially into the 1965-70 region and then hopefully further down.
KOGs bias for the week:
Bullish above 1965 with targets above 1995 and above that 2003
Bearish on the break of 1965 with targets below 1955 and below that 1943
This gives us a potential range 1935-2010 for the week ahead.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Note
Nice pinpoint move from resistance into support giving a tap and bounce upside. We have suggested those short leave a runner, and those now long protect your trades. We're going level to level upside keeping an eye on how resistance levels react. 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.
Disclaimer
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