KOG Report:
In last weeks KOG Report we said we would be looking again for lower pricing in Gold and to look for the higher resistance levels to short. We wanted to see a firm support formed lower before attempting to take the long trade, however, as you can see the price gave a frustrating range the first half of the week before we then witnessed the move down. We in Camelot took advantage of the move down into support, identified the retracement region for the long and then took the short again to where the price is now. We’re holding the short trade after taking a majority of the profits with the trade protected. A great week in Camelot, not only hitting Gold and Silver targets, but the trade of the month so far came from US30. A pip capture across the board through the roof!
So, what can we expect in the week ahead?
We’ll start by saying we’re sticking with the same plan we have been for most of the year. We’ve tracked Gold from the highs and continued to take long term short trades while switching our intraday strategy to make the most of any bullish movement. We will be looking again for lower pricing on Gold; however, we would suggest caution with shorting this low! We would love to see a swing anywhere from the 1580-1610 price region which we will have a better idea of during the course of the week. We want to see this low put in and then want to see that rally we have eagerly been expecting so we can then hold some short-term long trades back up towards that 1700 level and potentially above.
Our plan for the week is similar to previous weeks, we will look for the higher resistance levels as potential targets from the lows or, we will ideally be looking for the higher resistance levels to be targeted early in the week so we can add to the short trade we are already holding.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
In last weeks KOG Report we said we would be looking again for lower pricing in Gold and to look for the higher resistance levels to short. We wanted to see a firm support formed lower before attempting to take the long trade, however, as you can see the price gave a frustrating range the first half of the week before we then witnessed the move down. We in Camelot took advantage of the move down into support, identified the retracement region for the long and then took the short again to where the price is now. We’re holding the short trade after taking a majority of the profits with the trade protected. A great week in Camelot, not only hitting Gold and Silver targets, but the trade of the month so far came from US30. A pip capture across the board through the roof!
So, what can we expect in the week ahead?
We’ll start by saying we’re sticking with the same plan we have been for most of the year. We’ve tracked Gold from the highs and continued to take long term short trades while switching our intraday strategy to make the most of any bullish movement. We will be looking again for lower pricing on Gold; however, we would suggest caution with shorting this low! We would love to see a swing anywhere from the 1580-1610 price region which we will have a better idea of during the course of the week. We want to see this low put in and then want to see that rally we have eagerly been expecting so we can then hold some short-term long trades back up towards that 1700 level and potentially above.
Our plan for the week is similar to previous weeks, we will look for the higher resistance levels as potential targets from the lows or, we will ideally be looking for the higher resistance levels to be targeted early in the week so we can add to the short trade we are already holding.
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
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🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: www.instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
