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THE KOG REPORTKOG Report: In last week’s KOG Report, we said we would only be looking for support levels in order to go long due to where the price created it’s range and closed the week prior, being too low to attempt a swing short. We were expecting a ranging market and then a push to the upside in order to give us an opportunity to long up and then short it again from the resistance levels above into the 1830-35 region and below that the target region 1810-15. As you can see, price didn’t give us the entry from above, instead, we had to play the range and use the KOG boxes to trade level to level until NFP completing the target level below. So, what can we expect in the week ahead? We will be watching the following levels this week for a reaction in price, and based on clean set up, will be looking to either long into the 1840-45 region, or, short this back down again targeting the 1790-5 price region, which we feel may come later in the week. Key level support on the intraday stands at 1820-22, price above here early sessions we feel would represent an opportunity to long the market up into the 1835, 1840 and above that 1845 regions. We have order region 1850-55 psychological level which if held, could represent an opportunity to then attempt the short trade, initially into the 1830-35 price region, where we will need to wait and see what price does. So, price breaking 1855, an upside attack higher into the 1870’s before a reaction in price, and price breaking below 1820, after rejection of 1835-8 could result on an attack into the 1790-80 price region, before another attempt at recovery. Important – There is a lot of news over this weekend that can cause gaps on market open as well as a very aggressive opening and early session. Please trade with caution, your lots sizes and risk management are important. Level breaks, support/resistance flips, don’t hold on to hope! The market will always give you an opportunity to get in or get out! 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
21
XAUUSD - KOG Report KOG Report: In last week’s KOG Report, we said we would be expecting more choppy and whipsawing price action with price staying within the range until FOMC at least. We said we would be looking for the levels of 50-55 and 30-35 to go long and the levels of 80-85 and above that 90-95 to go short. The early part of the week gave tremendous opportunities to scalp the market using the KOG boxes with the FOMC report then being published giving the levels to long or short the market from. We managed to get a nice bounce from one of the levels illustrated on the chart giving us a move to the upside where we then closed. So, what can we expect in the week ahead? Another frustrating week with choppy price action, whipsawing and ranging is expected until they decide to make the move, which we feel will be a big move for Gold and across the markets. We would suggest you trade this period of the markets with extreme caution, take the best trades with the best set ups, try not to get involved when the price action is not clear. We again have the higher and lower levels where we will be looking for the long trades, or the short trades. The immediate resistance level stands at 1968-72 with the immediate support the 1950-55 order region. We would expect the price to start the week within this range unless there is a bigger move, so scalping the markets is recommended. The hourly is showing signs of weakness, but price will need to close below that 1950 level to then target the 1940 and below that 1935 levels and potentially lower! So any bounces from the 1955-50 levels in the early sessions could represent opportunities to long the market back up into the higher resistance levels. Our ideal scenario here is to wait for the early sessions, then either look for the long trade into the higher regions before we decide if we’re going to short it again or not, or, look for the short trade before we decide to long the market. We’re going to remain with our bias for now, but this range is making it difficult to pick a direction, so again, please trade with caution until this breaks out and then starts the move. 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
XAUUSD - KOG REPORT - FOMC!KOG Report FOMC – 14/06/23 This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. We’ll start by saying we’ve had a decent week so far as well as month and will not be wanting to give anything back to the market. For that reason, we’re sharing the levels we have for the potential move and the regions to look for a reaction in price. It is expected to move, especially during the press conference which will take place after the statement. We would say best practice is to wait for them to take the price where they want, let is settle and look for signs of a reversal before jumping into a trade. We’ve seen a big range forming here over the last few weeks which has been used to accumulate orders, maybe now enough for Gold to find its feet and make the move many traders are anticipating. We have the immediate levels of 1950-55 order region which we are now above and potentially looking for the price to settle pre-event around here. We have the higher levels of 1980-85 which we were looking for on the KOG Report so target region for longs that are held from below could be around that level. If price is driven up into that region, we would be looking for resistance higher to potentially see a reaction in price and a confirmed reversal before even attempting to short it. On the flip side, we have order region 1930-35 and below that the extreme level of 1915-07 on the break. If the price is driven down, then we will potentially be looking here for a reaction in price and upon confirmed reversal signs look to take the long trade back up. As we’ve said above, we’re sharing our view with everyone but please do your own research. We’re not likely to enter any new trades, rather let the runners we have open run or close at break even. The best trades and set ups will come once the price has been taken to it’s level. 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
XAUUSD - KOG REPORT!26/03/23 KOG Report: In last week’s KOG Report we said we had higher targets in mind and due to FOMC it wouldn’t be wise to go long pre-event. We identified the order region we were expecting the price to visit with the levels of support plotted on the way down where we were expecting a reaction in price. We said we would be expecting the typical pre-event price action and would be looking for the price to retrace back into the support regions in preparation for the FOMC move. For FOMC analysis we saw the pattern test that we wanted price to go up to before again another reaction in price from the low which gave us a great capture before we said we were not happy with the 4h setup, so to protect and take partials. This whole move has been calculated and analysed if you look at the KOG Report, the FOMC Report and then add KOG's morning reviews and analysis, and the icing on the cake, Excalibur. A phenomenal pip capture for the week across the markets. We then started attacking the 2000 price point which was also 4h resistance level. The long we took earlier had given a superb return, before we then posted the chart with the resistance level in play. A fantastic week in Camelot with both Excalibur and LiTE taking centre stage not only on Gold and Silver but also across numerous other pairs we trade. So, what can we expect in the week ahead? Due to it being the end of the month and quarter, we’re not going to look for the big moves this week, we’ll look at the levels, add Excalibur and trade the intraday levels so that we can start a fresh new month in April. We have two resistance levels in mind for the week, 1980-85 and above that 2003-8 as potential target levels for the price. These two resistance levels are important as we feel price below will result in the Gold making a correction on the move we’ve seen over the last couple of weeks before any new attempt to test the highs again. This makes the lower support regions of 1950-55 as the first region for the test where bulls may get the opportunity to take this up and upon break of this level the 1930-35 level. We still have the order region sitting at 1930-35 which was used to propel the price post-FOMC so we will now look at this level as a now trade zone. We feel bears driving it down into this level may not stop here hence will place caution in this zone and will assess the price action if we get there. KOG’s bias for the week: Bullish above 1960 with targets above 1980, 1985 and above that 2003 Bearish on break of 1960 with targets below 1955 and below that 1955 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
XAUUSD - KOG REPORT!KOG Report: In last week’s KOG Report we said we wanted to the price push up in the early part of the week and we would be looking at the resistance levels of 1806-10 and above that the 1825-30 region. These are the levels we suggested opportunities to short the market could be taken from. We said the ideal scenario would be for the price to push up into the resistance levels and we wanted to see a bearish engulfing candle formed to then take us down into the lower support levels as our targets. As you can see from the chart, we tapped into the higher resistance level, got the bearish engulfing just as planned and got our tap and bounce from the 1785 level. Well done to those who followed and capitalised on the moves and analysis given. So, what can we expect in the week ahead? Again, as we’re drawing close to the end of the year, we’re taking our foot off the peddle and will be trading this lighter than usual. We’ll keep the report short but will illustrate the potential move as we usually do. We will stick with the same chart and use the same key levels as we have been for most of this month. The resistance levels are unchanged, however, we have added a new support level of around 1770-73 which could be a potential tap and bounce in the week ahead! For now, we will be looking for the price to stay below that 1806-10 region, and as long as it does we feel there will be an opportunity to short the market from there down into the lower support regions starting at 1785 and below that 1775. Please note, if the price breaks and holds above that 1810 level then it is likely we will see them grab the liquidity from higher, in which case the support regions are there to be bought. The ideal scenario for us is for this to come down, swoop the low and give us an opportunity to get in on the long trade to carry this up towards the 1830-35 price point where again we feel there is likely to be a reaction in price. This now gives you the overall range for the week which we feel the price can play in along with the levels to look for to take your entries and exits. We’ll be tracking Excalibur and will let that guide us through the markets giving us fine tuned targets across numerous pairs. Wishing you a successful 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
FX:XAUUSD
by KnightsofGold
12
XAUUSD - KOG REPORT!KOG Report: In last week’s KOG Report we said the structure was bullish but we were a bit concerned about a swoop of liquidity from below, for that reason we suggested that unless the price broke the 1760-65 region we would be looking for it to come down into lower support regions. We gave the levels of 1730-35 and below that 1725 as levels to look for a reaction in price. We suggested this would be the potential range for the week which we illustrated on the chart with a range box. As you can see, the price hit the resistance level we wanted giving a fantastic short trade into just above the 1735 level before then bouncing up into the target level we had given on the chart. We updated this idea throughout the week to track the move as well as giving the NFP report on Friday which again came down into the level we wanted to long the market again. Hope you all benefited from the free analysis shared here as well as the morning reviews with in-depth level to level trades as well as KOG’s bias for the day. For those who are new, please put this together with the KOG reports and follow, you’ll see how powerful our level-to-level trading system is. So, what can we expect in the week ahead? We’re a little confused to be honest, we’ve seen this move to the upside, but Excalibur doesn’t seem to be having much confidence in it, not only on Gold, but Silver and the DXY as well! For that reason, we’re again suggesting caution in the coming weeks as we feel there is a chance for this to break below the 1755 level even though we should be bullish! We have highlighted the key levels on the chart, with the lower support being 1755-50 and above that 1765-70! If this wants to break the 1800 level it needs to do it aggressively and then hold above it, so we’ve given the resistance levels above as 1806-10 and above that 1822, 1830-35. This are levels of resistance to look for a reaction in price as well as the support levels where we would expect a reaction in price. Now, that word of caution, higher pricing is open on Gold, this can go all the way up towards the 1850+ price point, so we need to play this as we see it, those support levels are really important, if they hold they could give some great opportunities for long trades progressing above 1800. At this point, we will also say please keep an eye on the NFP 1H chart we shared on Friday, see indicates that smaller time frame levels and the move we were expecting for NFP, which can still take place. 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
7
XAUUSD - KOG REPORT - FOMC!KOG Report – FOMC This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. For this FOMC KOG Report we’re going to reference the KOG Report shared on Sunday where we said we would be looking for some form of relief rally in Gold. We suggested earlier in the month that we could potentially see this rally happening at some point during the last week of September, so for that reason we will be looking at the lower levels to go long. We have targets below which we would like to see completed before the move to the upside, what we want to see though is how the price reacts to these levels and where it creates its base. Our daily is already showing some bullish signs, however, the weekly is suggesting some more movement down is possible. A lot of traders will be sitting long here at the 200MA so a sweep of liquidity on the lows is very possible. For the reasons above, we’ll again be looking at the extreme levels to take entries with a plan to take this up towards the 1700+ price regions. Illustrated on the chart are the key support and resistance levels we feel they can tap into before swinging the move in the opposite direction! The first level we’re looking at is just below the 1650 psychological level where if we see a strong support we feel there will be an opportunity to take the long trade back up towards the 1680-95 price points. We’re going to keep it simple for this report as our plans are on the KOG reports and nothing has really changed, apart from the ranging price action that we’re witnessing pre-event. Its also possible that the market has priced in this release, in which case we will continue as we are. 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
16
XAUUSD - KOG REPORT! (Daily)KOG Report Daily Chart: We’re going to stick with the same daily chart with the levels in place which have been working well for us. We’ve mapped this move quite accurately from the high, to the low, to the high, to the lows and as a longer term projection will stick with the view of lower pricing. Again, as per the previous report, we can see a turn coming at some point so will be looking at the lower support level to take this to the upside but, will trade this level to level on the way down using our intra-day strategy. Key levels: 1695 resistance 1645 support 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
XAUUSD - KOG REPORT!KOG Report: In last week’s KOG Report, we said we could see the price getting ready for another breakout of the range and that we would be sticking with the bearish view on Gold, however, expecting a short bull run at some point. We said to look for the levels of 1730-35 and above that 1745-50 as bullish targets before seeing a reaction in price. We said this region will be tapped into before another decline in price or give a target from the lows. We said 1714 would act as support and if the price remained above this level, we would see the push up into the 1730-35 target and potentially above. As you can see, we began the week with the support level holding and the push up straight into the 1730-35 level which then gave the reaction in price and gave the opportunity to exit, then reverse the trade for the short way down into our KOG Daily and weekly targets. A phenomenal week for us here at KOG tracking the market level to level, point to point as illustrated in the reports continuously. Hope traders did well to keep up with the daily analysis as well! So, what can we expect in the week ahead? Well, we’ll start by saying we’re going to remain with the plans we’ve been following for most of this year. We’re at a point of the market now where there is likely to be some form of relief rally which will give bulls something to look forward to. We want to position ourselves in Camelot to capitalise on this rally so want to try and catch it from the right levels. We can see more downside ahead and have lower targets so it’s a matter of patience now. For that reason, we’re switching from our long level to level strategy to a short level to level strategy with the view to take longs for the larger captures, as we’ve been doing with the short trades most of this year. The fractal shows we could see some more bearish pressure towards the last week of the month and with FOMC this week we’re likely to see some aggressive movement from Tuesday onwards. We have the immediate resistance levels above of 1685 and 1695, these price points would represent opportunities to go long in to and then look for a reaction in price. The lower support levels on the 4H chart are indicating a support level slightly below the 1650 level which is also where one of our two lower targets are sitting. As you can see from the 4H chart, we’re in a huge liquidity pool and can expect price to potentially range here and accumulate more orders. The problem with this region is that it can be used to propel the price in either direction, so please try to trade with a strict risk model in place this week. In summary: If price doesn’t tap the lows again, we’ll look higher to potentially short this again to go lower targeting below 1650, if price hits the lows first then we’ll look for a reaction in the pool, or slightly below before then taking the long trade. 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
17
XAUUSD - KOG REPORT! (Monthly)Monthly Chart: The monthly chart where we have highlighted the targets of which most have been achieved. The more important ones at the moment are those that are sitting at the bottom of the chart starting at 1657. As you can see, we have one missed target above which is sitting at around 1830, this is anticipated to get completed once Gold has put the low in, how low though remains to be seen. We’ll continue with the plan on the smaller time frames. 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
OANDA:XAUUSD
by KnightsofGold
6
XAUUSD - KOG REPORT - NFP!KOG Report NFP: This is our view for NFP today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. After the bearish pressure we’ve seen on Gold this week we’re not seeing the price range tight and start to accumulate orders in this range. We can see the price needing to go up but being supressed so we suggest caution with this NFP. The levels above are limited if there is to be more downside on this but shorting the market here isn’t a great idea! We’re in the same level as the previous short squeeze which has been used to propel the price in either direction. For that reason we would say wait out the NFP move, don’t get involved in trying to trade it unless you see the extreme levels targeted. They will take the price to where they want to buy or sell, so control the FOMO and look for the extreme high or lows on the chart. We’re going to illustrate the immediate moves but we’re not likely to be trading this event. Levels below: 1730-25 below that 1705 Levels above: 1745-55 above that 1775-80 Its a short on today, no scenarios as we've still got the FOMC report layout in play so please use that as reference if you need more clarification. Hope this helps in preparation for NFP, we will update you as we go along as we usually do. 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
OANDA:XAUUSD
by KnightsofGold
11
XAUUSD - KOG REPORT!03/06/22 KOG Report: In last weeks KOG Report we said we would remain bearish on Gold and could see a turn being imminent after the range breaks. We suggested traders look at the immediate resistance levels above to target longs level to level and look for a rejection on price to short the market back down with the ultimate target being 1785! What a move we saw on Gold, meeting all our expectations that were not only mentioned in the KOG Report but also throughout the week in the daily briefs. Furthermore, in Camelot, once we formed approached the low we suggested no more selling and to only look for long trades to carry the move back up into immediate resistance. Pip capture on Gold was well over 800pips through the week trading up level to level and down to complete the move. So, what can we expect in the week ahead? We would say the early sessions may give us some ranging price action with an immediate range of 1816 resistance and 1803-6 as support. We’re still not convinced this is the low for Gold so we’re suggesting caution for the early part of the week. We would like to see another tap into the 1780-85 price region and potentially a little lower to form support before we then attempt to go long again! The larger range stands at 1780-1835, these remain the levels that need to be broken and price needs to hold above to determine the next big move. We still have that level of 1865-70 that we feel the price will need to visit so this is a potential target for those who are bullish on Gold. For us, it will simply come down to what we get first to determine the long or short. Up into the extreme high and we’ll look for the short, down into the extreme low and we’ll look for the long. Until then we’ll trade it level to level making the most of what the market is giving us. We will look at this with an overall view for the week and as always with two scenario’s in mind for the longer move. We update the intraday levels and potential movement so please look out for those charts during the course of the week as well. Scenario 1: We open and tap that 1816 region, we want to see a reaction in price here with possible rejection and confirmed resistance. IF we get that, we feel this would be the first opportunity to test the short trade back into the 1810, 1806 and below that 1795 price targets. If we break above the 1816 level the next level above is around 1820 and above that 1826. We want to see the price stay below the 1830-35 price zone to maintain the bearish view for the week. As long as we get the move down, we will be waiting around the 1780-85 and below that 1770-65 price zones to then take the long position to target the 1850 price region. Scenario 2: We open and come down straight away to into that 1800-1795 region. Here we will be looking for support to form and if confirmed we feel this level will represent a short-term opportunity to long the market back up into the 1816 and above that 1820-25 price regions. That 1825 level is where we want to see a reaction in price, do we break above and target 1830-35’s liquidity pool or do we get the short to target that potential double bottom left last week on the Daily into the 1790-80 price levels? Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. 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
25
XAUUSD - KOG REPORT!In last week’s KOG report we said we would stick with the plan from the previous KOG Report where we were looking for an undercut low on Gold at some point before taking the long trade up into the higher levels looking for our Excalibur targets to complete. We said we were looking for a good entry to target the 1870, 1875 and above that the 1880-85 levels. The structure on the chart suggested we would get an undercut low from the week prior to last week’s KOG report as well as suggesting a higher high. We said we would be shorting the market level to level with caution but looking for that opportunity to go long into those higher levels. As you can see from last week’s report and charts the market played out nearly exactly as we planned giving traders not only the move down into support but also the move up, completing a point to point, level to level move once again! The move down and then up gave traders over 500pips banked on Gold alone last week, not to mention the numerous other pairs we traded in Camelot. We will however say, it was a very difficult market to trade with the range they presented in between! So, what can we expect in the week ahead? We’re now looking for the price to find some form of exhaustion from the Friday move and attempt a pullback before then going to target the resistance level which is sitting above. We’re not bullish or bearish this week and we’re certainly not confident this is a move on Gold to the ATHs. So, unlike last week where we only gave one plan, this week we will give you two scenario’s to consider when trading the early part of the week. Please remember we have FOMC this week so there’s every chance we will see a settled market playing within a range for the early part of the week. Scenario 1: On open, we see the price push up towards that 1878-85 level and find resistance. Based on this resistance we feel this would be an opportunity to short the market down into the 1860 and 1855 levels where we’re hoping the price will find support. Support here and its likely we will see the price again attempt to target the high and potentially test the 1900 level! Breaking 1850 and closing below it will negate this scenario. Scenario 2: We see the price push down in the early sessions, we will be looking for support around the 1860, 1855 levels to hold and then once confirmed feel confident this region would represent an opportunity to then go long to target the higher price levels of 1880, 1885 and above the 1890. Again, breaking below the 1850 level will negate this scenario. In summary: We can see this targeting higher levels but we’re still bearish on Gold overall. At the moment above 1850 we’ll look higher but ultimately, we’re anticipating a strong turn at some point for Gold to come and complete our lower targets. Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. 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
13
XAUUSD - KOG REPORT!In last week’s KOG Report we suggested we wanted to see some bullish momentum to target the higher resistance levels before then coming down to swoop the low. We wanted higher into the 1900s where we wanted to take the long-term short position and said we would treat it level to level following Excalibur. We had our mark on 1850 and suggested that this level will see a reaction in price, as you can see the market tested it but only gave a small bounce before breaking it and then turning it into resistance. We had lower targets of 1845, 1833 and 1821 and mentioned we had a lower target of 1790. All but one of these lower targets have been met, the 1790 level is still active. We completed 22 targets out of 24 trades in Camelot on top of the full house of trades we had last week. So what can we expect in the week ahead? A lot of traders are asking if this is going back up. This is the benefit of KOGs level to level trading strategy following the Excalibur, it doesn’t matter if the market goes to the moon or down to the ground, we trade it as we see it up and down, which is why we give both scenarios. We’ll start by saying this is well overdue a retracement from this move that we’ve been seeing. However, we want to see where this finds a short-term bottom before then making the move into the key levels above, for this reason we will be taking shorts with caution into immediate support levels and looking for a confirmed reversal before taking any long positions to target the higher levels. There is a huge chance that Gold can start to range here instead of making that move higher, so we’ll trade it how we see it this week with a neutral bias. We have our lower target or 1790 which we would like to see completed and below that 1775 which is also a possibility. We have maintained the bearish view on Gold and our members know that we have targets even lower for this precious metal. We will therefore trade this as usual with two scenarios in mind using the same chart we have been using from last month. Scenario 1: The price pushes down on opening, we will be looking for our 1790 level to complete with the potential for a low around the 1780 price point. If these levels hold and we see a confirmed support then we see this as an opportunity to take the long trade back up towards the 1810, 1820 and above that 1835 price regions. As long as the price stays below the 1850 region we will then be looking to take this back down into our lower targets which we will share over the course of the week. Scenario 2: The market pushes the price to the upside, here we will be looking first for 1810 as the first point or resistance, if this resistance breaks and turns into support there are opportunities to trade this level to level to the upside targeting 1818, 1825, 1832 and above that 1837. The 1830-35 price region is where we want to see a reaction in price and if we find a strong resistance here we feel there will be an opportunity to short the market back down to target that 1790 and 1780 level. In summary: We’re level to level with caution on the shorts unless we get better entries from higher resistance levels and the bias remaining short overall but neutral for this week. We’ll be looking for the price to find some short term support below to either establish a new range or to then begin some form or retracement to the upside with the 1830-35 level being a very important region. As long as the price stays below 1850 we will be looking to target lower pricing on Gold. Range for this week we would say is 1770-1835. Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. 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
17
XAUUSD - KOG REPORT!24/04/22 In last weeks KOG Report we said that we would be looking for the 1985 and 1995 level to be targeted if the price pushed up, and that if we did get to completion of those targets, faced resistance, we would be looking to short Gold into the lower levels of 1960, 1940, 1930 and our lower target of 1895. As you can see we achieved a point to point move on Gold, straight into our higher target and then the decline began for the remainder of the week. We have achieved 1960 and 1940 with 1920 and 1895 still outstanding. Another great week for us here at KOG not only on Gold but managing to hit 21 targets on Silver, BTC, US30, NAS100 and GJ, to name a few! So, what can we expect in the week ahead? As we said last week, we weren’t convinced by the bullish move on Gold so we’re still going to be targeting the lower level on this. Having said that, we are expecting some form of retracement on the price. Where to? Let’s dive in and have a look! We have some immediate levels in mind for when the market opens, these levels are where we want to see a reaction in price which may tell us if we’re going to see the retracement first, or if they’re just going to push it down further in the opening sessions of the new week! We have highlighted these levels on the chart for you, please look at these regions as price points where you may see the price reject and begin some form of retracement. 1927, 1917, 1910, 1897. So, we will be as always, look at this with two scenarios in mind. Scenario 1: The market opens, we get a swoop to the downside from the get go, we will be looking for 1927 and below that 1917 which will surpass our 1920 target. Based on support at these levels we feel an opportunity to go long on the price may exist to target the immediate levels of 1940, 1950 and above that 1963. As long as the 1895 target is not hit and the price stays below the 1960-65 level we will be looking to short again into that 1895 level. As we suggested, the price needs to remain below the 1960-65 level for us to achieve this target, breaking above this level and we will adjust our plans to target higher up. We will update on this during the course of the week. Scenario 2: The market opens, we get a small move to the downside targeting 1925-27, if price finds support here, we see potential to test the long into the immediate resistance levels of 1940, 1950 and above that 1960. Again, we will be looking higher for resistance to go short again down into the KOG target level. As above, price needs to remain below the 1960-65 level. So, for this week we have the key level of 1890-95 support and the key level of 1960-65 resistance. The range in between is where we closed on Friday, right in the middle! Please keep in mind this is the last trading week of the month, so expect there to be some profit taking and position covering towards the end of the week. Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. 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
42
XAUUSD - KOG REPORT!KOG Report: In last weeks KOG report we said we would like to see some bearish pressure on Gold as long as the price stayed below the 1960 region. We suggested that if the market opened and pushed to the upside we would be looking for the zones illustrated on last weeks report to hold and then we would be looking to go short. We wanted to see at least the 1910 level target completed, however, the market reached 1914 and then turned bullish again. We suggested during the week in the FOMC report that we had a target of 1945 which you can see has now been achieved. So what can we expect in the week ahead? We’re going to keep this report shorter than usual as our plan hasn’t really changed from last week, only the potential regions for reaction have changed which we have updated on the chart. We’re going to say again that we’re not convinced with the bullish movement at the moment, our bias is still neutral, but we feel there is an opportunity to get in on a short trade to target the lower support levels below 1900! That’s not to say we’re not seeing this go up a bit more. So, we have two targets in mind for the week ahead, the above target of 1970-75 and a lower target area of around 1890-95. We will be looking to either go long from support to target the higher level or 1975 or be looking to short the market from the higher level of 1975 down into lower support levels. So we will look at this as usual with two scenarios in mind: Scenario 1: It would be ideal for the market to open and push up a little to tap into that 1950 supply and face some resistance there. We are expecting a pullback into the regions of 1940, 1935 and potentially 1920. This is where we feel there will be an opportunity to exits any short trades and take the long entry into the higher resistance level of 1970-75 where we will again be looking to go short for the lower levels. Please note, breaking 1920 and staying below this level will take us lower into 1910. Scenario 2: Price opens and pushes towards the downside, we will be looking for support to hold first around the 1930-35 region, breaking this the lower price point is 1920. If we see strong support here we will be looking to go long into the higher resistance levels of 1970-75 where again we will be looking to go short to target the lower support levels. So in essence, there are two key levels we are looking at targeting, we either want to go long from below to target 1970-75 or we want to go short from above to target 1895. Based on the mildness of the breakout on Friday it is very possible that we see this now range again just to really frustrate traders before they actually make the move they want to. While it ranges we will be trading this level to level the KOG way. As usual, we will update the analysis throughout the week and keep you in sync with any changes. Please do hit the like button, give us a follow and leave a comment. Your support and following is very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
33
XAUUSD - KOG REPORT - FOMC!KOG Report – FOMC This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. We’re going to keep it short for this report as we’re not really changing our plan from the KOG Report and daily analysis which has been shared here over the course of the week. We’ve already hit the higher level where we suggested shorting the market which gave a decent return on yesterday’s move. We are expecting the range to potentially break with hopefully an upside swoop on liquidity before testing the lower levels that are illustrated on the chart. We will be looking for the price to stay below the 1950-60 price point, the price region is 100pips because this is FOMC and being a high-volume event (usually), the market can surpass levels with aggressive spikes. So, we will look at this with two scenarios in mind with the bias being towards the move upwards first! Scenario 1: The price pushes up into that 1945-50 and above that 1955-60 price region, these areas we feel would represent an opportunity to short the market back down into the 1930, 1920 and below that 1903 price points initially. Once the entry is placed and in profit we will take partials along the way and protect the trade. Scenario 2: Price pushes down. In this scenario we will wait for the lower levels of 1885-7 and below that 1860-65 for the price to exhaust and then we feel this price points would represent an opportunity to go long on the market back up towards the 1910 and above that 1920 price points. This could again be an anti-climax like we've seen recently as these rate hikes have been priced in. What the market will be waiting for is the press conference which will be around 19:30 UK time where Powells responses can move the markets. In our opinion the best way to trade this is not to. Stay out until tomorrow, they will move the market to where they want to buy or sell it, that’s what we as traders should do to, wait for them to move the market, let it find its base and then think about taking the trade. Our immediate target level is around 1945 so we’re hoping this target is completed at some point today.
FX:XAUUSD
by KnightsofGold
1
XAUUSD - KOG REPORT!KOG Report: In last weeks KOG Report we suggested we would be bullish on Gold and would be looking for the market to target the 1985 mark as long as it stayed above the 1950 price region. We suggested we wanted to see how the market would open and if that 1960-65 price region would act as resistance on the price, if that was the case then we would be looking for 1950 to get tested and would need to hold as support for the price to go higher. During the week we updated the analysis to keep followers in tow with what we were doing and looking at, you can see it played out not perfectly, but well. So what can we expect in the week ahead? We would love to say we’re bullish on Gold but at the moment we’re not too convinced with the structure and price action on the chart. This is not to say we’re not looking to go long but we feel we may see some more bearish movement on Gold as long as we remain below that 1960-65 price region. We're going to share the months analysis on a separate chart to give you our view on a longer term basis so please do take a look at that as well. So we’ll use the 4H chart today for the report as the levels in ranges like this are more appropriate and easier to use. Just like we did with the NFP report on Friday we’ll stick with a similar plan where we will be looking at the range of 1960-65 as resistance and key support sitting at around the 1880-85 region. We have FOMC on Wednesday so we would expect the market to begin the week slowly and potentially stay within the immediate range of 1910 to 1940-45. So we will look at this with 2 scenarios as usual keeping in mind we will update the analysis specifically for the FOMC KOG Report on Wednesday. Scenario 1: The market opens and tests the higher resistance levels as shown on the chart, we will be looking for this resistance level to hold and we feel that would represent an opportunity to short the market down towards the lower support levels, also shown on the chart. Please remember, this is a weekly plan, the best way to trade this is KOGs level to level way working your way through the levels to the final destination. Scenario 2: The market opens, we see the price test the lower support level of 1910 initially, based on support here we feel this would represent an opportunity to long the market towards the immediate resistance levels and range high. As we mentioned last week, while we’re in this range we will trade level to level with the plan to wait for the extreme support or resistance levels to take our positions for the longer term. We will maintain a neutral bias for this week waiting for the break or the range and the break level to turn into support or resistance. We have drawn a box on the chart with the immediate range for you. Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. 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 are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
24
XAUUSD - KOG REPORT!In last weeks KOG Report we were looking for our 1980-85 target to be completed at some point over the week and suggested we would like to see some bearish pressure after the completion of the target. We managed to hit the target giving followers an opportunity to long the market in to the region, however, as you can see the price overstretched our selling zone before then giving us the short into 1960 levels. That’s where we saw a resumption of the bullish momentum take over and you can see what happened next. We didn’t get the lower targets that we wanted but the opportunities to take the long and the short gave us a good capture. Overall, we hit 8 targets in Camelot with 3 of them being on Gold, so a quiet but good week all in all. So what can we expect in the week ahead? There are many bullish traders in the markets looking for this to go and test the ATH, we’re also expecting an attempt to test that recent high again but we’re hoping for this to test that lower support region at some point to give us a better entry for the long. We can see this opening like the last couple of weeks with a gap, our bias being a gap to the upside. So as always, based on the illustration there are two scenarios here based on how the market opens. Scenario 1: If this opens and goes down first, we won’t be looking for any shorts on the market. We will be looking for support at the lower levels of 1970-60 and just below that 1950-45 where will want to test the long trade into the higher targets of 2005 as the first target, this is where we will take some profits on the trade and protect the entry. The reason we’re doing that is because we’re expecting this to consolidate and range up until FOMC on Wednesday which is potentially where we will see the next breakout. Unless they move it before the release! So in summary, a test on the low, a test on the 2003-5 level where we see resistance and then a small decline before the push up (if it comes). Scenario 2: Market opens and we see the price go up, we’re going to play on the defense, there are key levels above where we are likely to see a reaction in price. Again, that 2003-5 level is sticking out for us, if we see resistance there, we may test the short trade with a small manageable lot size to target the lower support levels of 1980, 1975 and below that 1968 before looking to go long again. We will only do this is the price action and structure is right, otherwise we will stay away from shorting this at the moment unless it breaks below that 1940 level. We will be looking for this to go all the way up to test the 4H liquidity level as well as the daily trend line resistance level sitting around 2080-85 before attempting to short it again. So this week we’re going to be cautious on the short trades unless we see a strong resistance and our bias will be to the upside as long as the price stays above 1940-45 price regions. We’ve shared the Daily chart below to update you on the daily structure that we’ve been sharing recently. As you can see we have a potential trendline running all the way up for the double top test on the daily and 4 hourly which is situated around the 2080-90 price level. We'll share our daily updates as usual with our views and trade ideas. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
22
XAUUSD 15M - Levels - End of week!Quick end of week update from us with what to look for in the remainder of the session. We didn't complete the move down into support however, we've got that resistance level market where the price is holding for now. So we would expect this to range a bit now maybe into market close unless there's a late move to close this above the 1900 level on the weekly chart. For now we're not entering any long trades until next week where we would want to see these lower support regions targeted. We'll be back on Sunday with the KOG report. Wishing all our followers and members a great weekend. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
8
XAUUSD - KOG REPORT!In last weeks KOG Report we said we would be looking for our higher targets to be achieved at 1795-7, 1804-7 and above that 1814-17. We said we would like to see the market find support at a few levels one of which being the 1750-55 which was the lowest support area. We also suggested that there are a lot of bullish traders in the markets and that we were likely to see more ranging with the move likely to happen just before or during FOMC! You can see what happened so we won’t say anymore! We suggested our members take a majority of their profits on their shorts on Friday and move the stops to entry to protect them. So what can we expect in the week ahead? We’re going to keep it short this week as we’re nearing the end of the year as well as the festive period so we’re not looking to get into any long term positions on Gold, Silver and Oil. We’ve closed below 1800 on Friday but we’re anticipating another attempt at targeting this level and bulls trying to close next weeks candle above it. We would like to see a completion of this bearish pattern on the daily and the 4H chart. However, we are not ignoring another move to the upside as a sharp swing to again sweep up some liquidity from those trying to hold bearish and positions. We have a higher target of around 1817 which we would like to see complete in the early part of the week which could extend towards the 1830-35 level so we have to keep this in mind. This level we think would represent another opportunity to test the short again towards the lower levels. Note, breaking this level and closing above it will give bulls more confidence to drive this higher towards the 1854-50 level. We will remain bearish with our first lower target being 1735 and if you have been following KOG you’ll know we have targets a lot lower than that. We’re not however going to try and hold positions to target these levels, rather trade this level to level as we've been showing you, adapting to the range and factoring in the swings that come with it. They’re going to make sure they make it as difficult as possible to swing trade this up or down so we suggest you keep your lot sizes reasonable if you are swing trading it. So we will again continue with two scenarios in mind. Scenario 1: We will be looking for the market to find support in the early sessions around the first region of 1785 and below that 1775-70. If these levels hold we think they could represent good opportunities to test the long trades up towards the 1815, 1824 and above that 1830-levels. This is where we want to see rejection and again short back down towards the lower regions and targets. Scenario 2: This would be the ideal scenario for us. We would like to see the market find short term support at the 1790-95 level and then resume the bullish move towards the 1817-20 level and potentially above that the 1830-35 level. This is where we will be waiting again to test the short trades down towards the lower regions and targets. What we want to see is this range broken, until it is and left behind we will continue to see this type of movement that will only allow day traders to trade between the levels rather than holding positions for the swings. Below is the “Trading the range” chart we have been using to illustrate the long/short regions We’ve added the Weekly chart below which shows we’re nearing the end of the triangle We’ve also added the Monthly chart which highlights our longer term view as long as the price stays below that 1830-35 price region. Hope this helps traders and as always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
22
XAUUSD - KOG REPORT! In last weeks KOG Report we suggested we would remain bearish and would like to see a challenge on the 1795-97 price region during the early sessions of the week, and as long as the 1777 level held as support we would taking longs to target that level. We saw the price come down towards the 1772 level which gave a good opportunity to long the market towards the said level. The price stopped just short of the 1795 level hitting 1793 and gave a good opportunity to short the market back down into lower support. Thats the best we got for the week as we faced an tight ranging market which only really gave opportunities to those who were scalping from support and resistance levels. So what can we expect in the week ahead? To start with we still have our higher targets of 1795-7, 1804-7 and above that 1814-17. For this reason we again will be looking for support at the lower regions of 1777-5, 1770-68 and below that 1750-55 (lowest support, be careful if it breaks this level) to hold to test the long trades towards the higher levels. We would expect there to be some more ranging price action as we have the FOMC meeting on Wednesday which is what we feel the market is waiting for. We will remain with our bearish bias on this with our first lower target being the 1735 level which we want to try and get a good entry for. So this is what we would ideally like to happen during the course of this week. The market goes down towards the lower support levels to retrace some of the movement we saw on Friday, once it finds support we would like to go long and target the higher levels where we will be waiting patiently to short the market again towards the lower levels. If however, we see bullish pressure in the early session of the week we will be looking for the higher levels where if we face a good resistance we will take our short positions targeting the lower levels. There are a lot of traders bullish on Gold at the moment so we would expect there to be more ranging with the added spikes up and down to try and catch traders out and then the move to take place just before or during FOMC. For that reason we would suggest trading it smaller than usual and sticking to your risk strategy. Use the support and resistance levels for short term targets, entries and exits. We've added or monthly chart below for you to use as reference, this is our preferred bearish route for the months ahead as long as the price stays below the monthly supply of 1830-35 We've also added the weekly chart we have published in previous KOG Reports to show the the structure and the progress of the moves we are seeing. You can see on this chart there is a possibility for the price to target that 1830-35 level at some point. The support and resistance levels haven’t changed from last week so please use the same ones we published on last weeks KOG Report. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
17
XAUUSD - KOG REPORT!In last weeks KOG Report we said we would be expecting more bullish momentum in Gold and would be looking for the price to find support at the lower levels before hitting our Excalibur targets at 1829 and 1841. We hit the targets we mentioned last week but without visiting the support levels below. We also said breaking the 1850-55 level would lead the price to gain even more momentum and touch the higher levels of 1870-85. As you can see we’ve stopped just shy of the 1870 level hitting 1868 and finding resistance. So what can we expect in the week ahead? We’re going to start by saying we’re still bearish on Gold, however, we can see indications and have Excalibur targets above. We’re going to add a chart on our group showing only the Excalibur targets illustrated so you can see what we’re looking at. We would imagine there to be some pullbacks this week with support levels first around the 1845-50 region and below that the 1840-35 price region. These price points would represent good levels to target if you’re shorting the market next week in our view. We have higher price indications of 1874 above that 1881 and above that 1910!! This also coincides with the potential daily trend we’re in which we have highlighted on the chart. These higher price points we feel would represent good targets to aim for if you’re going long in the market. We will be looking for the pullback which we feel is overdue and once price finds support at the levels mentioned we will be looking to go long for the higher Excalibur targets. If however, the price goes up first we will be looking to short the market for you lower levels. Below is the weekly chart we shared a few weeks ago. As you can see on this chart we’ve broken through the key liquidity area which for the short term can now be used a support zone and it looks like that price wants to target the higher liquidity region of around 1900. This again falls in line with the Excalibur target we have around the 1910 price point. At this price point we feel its best to play this market level to level rather than trying to catch the big moves. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
4