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Goldtradingplan

THE KOG REPORT THE KOG REPORT: I last week’s KOG Report we wanted the lower support level to hold 2710, give us the push up into the higher resistance level where we said watch 2720 and 2730 which needs to break above. It’s those higher levels, in particular 2750 we wanted to attempt that short trade back down into the lower levels. From the open, price resisted 2720, failed to break and gave us the red box trades down into the support levels. We then had to switch to level-to-level trading due to the ranging which worked well, but we only managed 5 out of 6 Gold targets out of a combined 16 targets completed across the other pairs. During the week we updated traders with the plans and managed guide them up from the lows to where we closed the week. It was another successful and consistent week; however, the market didn’t move completely how we wanted it to. The Election special chart however, still on track and working well with our view from the start of November. So, what can we expect in the week ahead? Ok, it’s going to be another choppy week, trades are most likely going to be again level-to-level on the red boxes which we will share with the wider community as and when we can. We have the level of 2670 sticking out as resistance with the support level 2650-55 being the key level. With NFP on Friday we would expect most of the movement during the early part of the week before they then settle pre-event into a small range. The weekly key level here is 2620 which will need to break for price to go lower. We’ll start the week again looking for the higher levels 2662-5 and extension of the move into 2670, if held, an opportunity to short may be available into the lower support level 2650 and below that 2640. We need price to hold above the 2640 region in order to continue higher into the 2675 and above that 2678 price points, so please keep an eye on the support levels. On the flip, if we continue downside from the open, we will be looking at the 2640-5 region to hold, and if it does, an opportunity to long is on the horizon into the 2665 and above that 2675 region. KOG’s Bias for the week: Bullish above 2640 with targets above 2655, 2665 and above that 2670 Bearish on break of 2640 with targets below 2635 and below that 2620-15 RED BOXES: Break above 2652 for 2660, 2665, 2670 and 2675 in extension of the move Break below 2640 for 2635, 2630 and 2617 in extension of the move As usual, we will update traders through the week with KOG’s bias of the day and the Red boxes which have proven to work extremely well on not only gold, but also any other pair you wish to apply them to together with our basket of indicators. 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
FX:XAUUSD
by KnightsofGold
8
THE KOG REPORTTHE KOG REPORT In last week’s KOG Report we wanted higher pricing to short again into the lower targets 2665, 2650 and 2620. Unfortunately, we didn’t get the higher level we wanted, so instead, followed Excalibur and the red boxes not only completing the bias targets in one move, but also then completing numerous bearish targets on the week. The bias was bearish below, the price, once settled moved well and allowed us to navigate the short trades and the bounce for the longs. Another good week in Camelot, completing a staggering 25 targets, 8 of those on gold alone. So, what can we expect in the week ahead? For this week we’re only looking for one move, and that’s for the price to attempt the retracement that is needed and stretching out traders. For that reason, we have the lower level of 2550-55 which if attacked and held during the early session may give traders the opportunity to long back up into the 2565-70 region and above that 2600-05 region initially. That’s the trade that we’re looking for early part of the week but please note, breaking below that 2550 level will give us a better opportunity from the 2530-35 region which is also shown on the chart. Nice and simple this week, we’ll update as we usually do. Potential for more ranging on Monday so maybe best to let Monday play and then look for a decent set up for Tuesday onwards. KOG’s bias for the week: Bearish below 2575 with targets below 2555 and below that 2550 Bullish on break of 2575 with targets above 2595 and above that 2605 RED BOXES: Break above 2575 for 2585, 2587, 2595 and 2610 in extension Break below 2560 for 2555, 2551, 2541 and 2535 in extension 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
FX:XAUUSD
by KnightsofGold
4
THE KOG REPORT - UpdateEnd of day update from us here at KOG: We wanted price to reject the high and give us the short into the red box defence during the early session levels 2730-35. We did get that move but it was achieved via the gap on open giving traders a couple of opportunities to take the long trade from the level following the path. We're yet to complete the first bullish target but we're on our way so we'll stick with the plan! Based on the structure and range at the moment we're not discounting another dip into the low but will look for pull backs into the 2735 region to hold to continue the move upside. Support 2735, resistance 2750 could give a reaction for the short scalp. Keep an eye on the red boxes, pinned below, they're working really well. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report we said we would be looking for that lower support level of 2420-25 to target, and if it held we felt the opportunity to long into the 2450-55 region and the extension of the move into the 2465-8 price points would be available. We got that move almost to the pip from the open, completing the move in the early part of the week. During the week we update traders with the short potential trade from the order region, which again completed and then suggested going long again once we saw the structure support 2430-25 form. This move here gave traders the opportunity to target that all time high, completing numerous Excalibur targets along the way. One of which we had highlighted last week on the chart. So, what can we expect in the week ahead? For this week we’re going to keep it simple. Due to the lack of data up here we’ll have to modify and adapt as the market continues. We have potential resistance above sitting around 2515-20 and we now have the support level below sitting around the 2480-75 region which could be a potential target level for the retracement of this move, but price needs to hold this level. Breaking below it can correct this whole move to the downside, so if you are going to attempt going long, please make sure the set up is clean, and please, try not to go long up here unless there is that retracement. As you’ve seen, Red boxes help in identifying the key regions and give bounces a majority of the time. If the level is held, we see an opportunity to continue this move back up towards the 2520 and above that 2530 regions with extension of the move into 2540-45. These levels above we’re going to label as order regions but that’s yet to be confirmed. Nice and easy this week, take your time with the trades, make sure the set up is right and clean. Try not to jump in just because you’ve identified a target, as we’ve said above, they can correct this whole move so lets play defence this week. KOG’s bias of the week: Bullish above 2475 with targets above 2510, 2525 and 2540 Bearish on break of 2475 with targets below 2450 As always, we’ll update you during the week. Look out for: KOG’s daily bias and targets Red boxes – Our strategy which is proving to a huge hit with our traders and team 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
FX:XAUUSD
by KnightsofGold
9
THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report we said if we saw price attempt the order region resistance above 2450-55 and held, we say an opportunity to short the market back down into the 2430 level, and if broken the extreme level of 2407-10 which is what we wanted to target initially. Ideally, we wanted the long trade to come from there, however, our bias target level bearish below was sitting at 2395, so we waited for that to complete, which it did. During the week we managed to get in on the long trade and as updated with the community, followed Excalibur all the way up into where we closed on Friday. It wasn’t an easy week, we stayed out at the right time however, and managed to stay the right side of the move. So, what can we expect in the week ahead? We have a lot of news this week which is going to drive the markets, even though we say it most weeks these days, we would suggest traders take it easy on the markets and don’t place all their eggs in one basket. On the close we can see the 2430-35 region now accumulating the price which is causing a bit of a whipsaw. We have lower support sitting at the 2420-25 level which if held, is likely to continue to push this higher attempting to break above the 2435 price. Our initial level is the 2450-55 which we would like to see completed this week with the extension of the move into the 2465-8 region if they can take it there. This is the level, unless broken above traders may get the opportunity to test the short trade. Based on the above and as the path suggest on the chart, these support levels, if approached and defended first and unless broken can give us opportunities for further increases into but it’s that 2465-70 region that needs to be watched. Due to a potentially low volume day tomorrow we can expect the whipsawing and choppy price action to continue, so we would suggest traders wait for the market to make it’s move rather than attempt trying to trade the range. Therefore, a break above 2437 would give more confidence in a move upside and a break below 2425 will give us more confidence in the price attempting to take the lower liquidity first. KOG’s bias for the week: Bullish above 2406 with targets above 2450 and above that 2465 Bearish on break of 2406 with targes below 2395 and below that 2365 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
FX:XAUUSD
by KnightsofGold
4
THE KOG REPORT THE KOG REPORT: In last week’s KOG Report we said we would be looking for the support level of 2145-7 to be attempted and if held we felt that region would represent an opportunity to long the market using KOG’s daily bias levels and the levels on the chart. We said we would be looking for 2165-7 and in extension of the move into 2175 which were both completed. We then released the FOMC KOG Report, giving the level of 2180-5 as a RIP region, which gave us a good capture short, and then suggested that the break of 2175 could lead us into extreme levels 2210 which was highlighted. As you can see, the FOMC move tapped into the higher region and slightly higher, before a reaction in price with a huge rejection. We managed to trade the long into key levels, missed the all time high as it was overnight, and then captured a nice short as well. Tracked and traded up and down using our red box strategy, indicator and of course Excalibur. A great week on not only Gold, but we hit our all time high targets on US30, NAS100 and DAX ending a phenomenal week in Camelot. So, what can we expect in the week ahead? It’s the last week of the month and Friday is the last day, so expect there to be some aggressive movement, whipsawing and choppy price action. We can already see profit taking from the highs, what we want to see if they are going to try and retest that high, or as institutions usually do, continue the move in the intended direction. This week we’re sticking to a similar plan from last week, but hopefully without the extreme movement. We have the higher resistance level now at 2175-80 with extension of 2193-5, which was our bearish below bias level and as long as we stay below this level, if attempted, we will be looking to hold any short trades further down into the 2155, 2150 and below that 2147 regions initially. If the move down continues, we would expect a RIP around the 2135-40 region giving an opportunity to capture the scalps back up. The 2155-50 is the hurdle, if we can flip this level the move down will give us more confidence in lower pricing. Please note – Breaking above 2175 and holding will flip us again, and we’re likely to go and test that high. It has to be traded day by day at the moment unless you’re holding trades from key levels above or below. In summary: Move up into resistance, as long as it holds we’ll look to take this down further into the levels given. Move down, we’ll level to level trade it, holding anything from above and look for bounces for the scalps long. It’s looking like we may see some gaps on opening, so please be careful. KOG’s Bias for the week: Bearish below 2175 with targets below 2145 Bullish on break of 2175 with targets above 2183 and above that 2195 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
FX:XAUUSD
by KnightsofGold
12
Gold, Trading Plan for a week. Multiframe analysis. In the Monthly, I'm expecting gold will reach to resistance 1800 and have a short deal in here. This deal which i will hold so long for 2-3 years, it can be the longest deal. In the Weekly chart, After break out triangle pattern, gold has reached to the highest price in the last 8 years. The last week's candle closed with confused of market. So take a look at another timeframe to make a deal. In the Daily chart, it seems gold has retest the support 1718-1722 that it break out, we will have a deal in this support, a long deal will be take in here. If it is going down through and closed lower than this support, the support will be the resistance and our deal has failed. Buy limit: 1718-1722 Stoploss: 1710 Takeprofit1: 1752 Takeprofit2: 1800 This deal for swing trader. Remember to pull your stoploss back your entry when the market is right for your deal. Price action and trendline. Thanks for watching and dont forget to give me some comment and your opinion.
OANDA:XAUUSDLong
by CuongTran1996