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THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report we gave the resistance levels above and said if they held, we would see an opportunity to attack the support levels of 2470-75. It’s that support level we wanted to the long trades up into the 2520 and above that 2530 levels for the week. We gave KOG’s bias of the week and bullish above with target levels 2510 (complete), 2525 (complete) and 2540 which hasn’t been achieved as yet. We completed numerous gold targets, the red box strategy gave us some extremely decent entries and exits for the scalps and once again, we managed to trade this following it’s path. So, what can we expect from the week ahead? We’ve had a nice close which hasn’t quite confirmed a further move upside as yet, so we’ll play the bank holiday with caution. We would like to see how price reacts at the 2520-22 region, and if rejected, there is potential there for this to correct back down into the 2500-5 price region. It’s this support level that is important, if held, we see an opportunity to then long back up towards the 2530-35 region as the first target. It's those higher levels, 2530-35 and above that 2540 that we want to keep an eye on. If we see any sign of a structure change there, we'll want to short this again. For this week we want to play a little defence on the markets, as it’s a bank holiday week and the last week of the trading month. The weekly and monthly close are really important to determine future price on this precious metal, so please, if you’ve followed us, you should have had a decent month, take a little step back this week and monitor price. We’ll be looking at key and extreme levels expecting the repercussions of Jackson Hole on Tuesday onwards. KOG’s bias of the week: Bullish above 2490 with targets above 2420 and above that 2430-35 Bearish on break of 2490 with targets below 2465 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
6
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
GOLD (XAUUSD): Detailed Structure Analysis 🥇 Here is my latest structure analysis and key levels for Gold. Horizontal Key Levels Support 1: 2015 - 2019 area Support 2: 1973 - 1979 area Support 3: 1931 - 1938 area Resistance 1: 2077 - 2088 area Resistance 2: 2143 - 2148 area Vertical Structures Vertical Support 1: Falling trend line Vertical Resistance 1: Falling trend line The market is currently approaching a Support 1. 2 trend lines compose a bullish flag formation. We stick to the plan that I shared earlier on Sunday. We are looking for a bullish breakout of the Vertical Resistance 1 to buy. Alternatively, a bearish breakout of Support 1 will be give as a strong bearish signal. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
1