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THE KOG REPORTKOG Report: In last weeks KOG Report we said we would be looking for the higher level of 2015 to be completed. Based on the structure of the chart, we suggested that if we opened with a bearish set up, we would be looking for short trades into the 1990-95 level, and below that that 1975 price point. We then said if support holds below, we would be looking to take this back up to target that 2015 region and potentially above. During the course of the week we followed KOG’s bias of the day and Excalibur, competing the move down just below 1975 and then taking it back up just short with a Friday high of 2004. Even though the plan worked well, we were very selective with the days and times we wanted to trade Gold, and when we didn't want to touch it. All in all, a decent week on Gold and the numerous other pairs we trade. However, frustrating for traders with the ranging, FOMC and NFP in the same week and the choppy price action. So, what can we expect in the week ahead? For this week we have the a few levels of resistance that we will be keeping an eye on, 2008 and above that 2012-15 again. Support levels below 1980-75 which price needs to stay above, and below that the key levels of 1965 and below that 1955. This gives us a potential range for the week and the price points we will be looking to either short from, or long from. We’re expecting a bit of a choppy Monday on the markets, so potential for more ranging and whipsawing price action. Our plan for the week is similar to last week, where if the price attempts to target the high, we’ll look for the resistance levels to hold, and based on a clean set up feel an opportunity to short the market back down into the 1980 level initially could be on the horizon. Breaking that level and turning it into resistance will give us more confidence in price attempting lower price points as shown on the chart. On the flip, if price does continue to the downside from open, we will initially be looking for the break of that 1980 level before attempting any trades. If that level holds price up, an opportunity to long back up into the 2008 and above that 2012-15 price region could be on the cards, before we then see a reaction in price to come back down. It’s going to be another difficult week on the market’s traders, and we feel there is a curveball on the way, so please don’t think these are your average market conditions. They’re extremely fragile and choppy, your lot sizes, risk management and knowing when to trade, when not to trade them are imperative. KOGs bias for the week: Bullish above 1980 with targets above 2008 and above that 2012 Bearish on break of 1980 with targets below 1965 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
6
XAUUSD - KOG REPORT!KOG Report: In last week’s KOG Report we said we didn’t have much confidence in the bullish move from the week before and were expecting a move to the downside. We suggested caution as there was a pattern that suggested a potential break of 1755 so we gave the resistance levels above and illustrated the 1806-10 region to look for a reaction in price and possible rejection. We wanted lower pricing and gave a reaction region of 1760-65 where we were hoping for a tap and bounce back to the upside. As you can see, it was a perfect point to point, LEVEL TO LEVEL move, resistance held, Excalibur confirmed, and we got the move into the support levels below with then another TAP AND BOUNCE back to where the price is now. A fantastic week in Camelot, not only on Gold with Excalibur hitting and completing numerous targets, but also Silver, US30, GJ and Oil to name a few. So, what can we expect in the week ahead? We’re going to start again this week with suggesting caution on the markets! There is a lot of news this week that will cause volatility and choppy price action as well as potential extreme swings. Markets have been lining up for a big move for a few weeks so expect the unexpected in the coming weeks. For this week we have extended the range we identified in early November which you can see the price has been playing well in. We’ll again prefer to see this tap that high in the early sessions before a potential reaction in price to give us the opportunity to short back down into the support levels below. So the 1806-10 price region is again the key resistance level for price to stay below and for us to see any attempt at the bearish move we’re looking for. The path shows the support level of 1770-75 as the first key level we would like to see, we will of course be using Excalibur to guide us which will give us more clearer and precise levels to target. This level of 1770-75 is important support this week, price needs to stay above this to the resume the swing to the upside and any attempt to break and hold above 1800! Now, we have also highlighted a lower level for a potential swoop of liquidity which is sitting just below the 1750 price region, due to the news events this week these extreme levels are very much possible, so please be careful with your entries and be patient. We’re expecting ranging, whipsawing, choppy price action this week so your risk model is really important as well as your lot sizes. They’re going to be grabbing liquidity so spikes up and down are very likely. 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
10
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!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