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Goldtradingindicator

THE KOG REPORT THE KOG REPORT: In last weeks KOG Report we said we would wait for the market to open and look for a reaction on the Red box and based on that reaction we would decide where we wanted to go and how to trade it! We immediately opened with a bounce which gave us the opportunity to then get on with the move upside as you can see in last weeks chart completing the move we wanted and the red box targets apart from 3406 (we got as far as 3404). We then identified the red box region we were expecting another RIP from and to the point we got the move down to complete the short. Please look at the chart, you will see how we picked the top, the bottom, and then the range trades within the circled levels with point to point, level to level trades all the way through the week. A fantastic week in Camelot on not only Gold but all the other pairs we trade. So, what can we expect in the week ahead? Looking at the economic calendar there isn’t much going on in the early part of the week so there is potential here for the move to terminate just below before giving a bounce upside into the levels of 3330-35 which is the level to watch for the break this week. A rejection at that level can cause further declines taking us into the 3350 level and possibly 3230-25 before we form a swing low. There is a flip here as stated above, and that is that 3330-35 region, if we break above there then bulls have that opportunity to drive this upside to clear the NFP move and take us back to target the 3400 level. It all depends on the reactions we get at the levels so we’ll start the week with the plan of action, and of course, in these markets we’ll adapt If we have to. KOG’s bias of the week: Bearish below 3336 with targets below 3306, 3299, 3297, 3285 and 3275 Bullish on break of 3336 with targets above 3345, 3350, 3355, 3367 and 3376 Red boxes: Break above 3310 for 3320, 3332, if held above 3335, 3347 and 3362 in extension of the move Break below 3306 for 3299, 3295, 3285, 3280 and 3264 in extension of the move Many of our followers and traders have seen the power of the red boxes, Imagine this on your own TV screen, 4H for swing trading, 1H for day trading and 15min for scalping. Any pair on any chart 23hrs a day. Add to that the Knights indicator giving you swing points, key levels and retracement levels and our custom volume indicator telling you when to long, when to short and when to stand back from your trades. LEARN AND GENERATE YOUR OWN SIGNALS. You don't need any of us to guide you. 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
26
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Not a bad start to the week with the lower Red box support which was active holding price and giving the push up early session completing the first red box target. Since that we've experience accumulation and ranging which allowed us a short trade on the indicator and then a nice long to end the day, which is now protected and managed. We'll stick with the plan at the moment expecting a spike up with the first region being 3006 and above that 3010. Again, a bit high to even attempt a long as traders will want to see if we can hold above the 3000 level, until then, we'll look for the potential RIP. KOG’s bias for the week: Bearish below 2995 with targets below 2970, 2965, 2955 and below that 2950 Bullish on break of 2995 with targets above 3003, 3006, 3010, 3016 and above that 3020 RED BOXES: Break above 2995 for 2997✅, 3003, 3009, 3016 and 3021 in extension of the move Break below 2980 for 2975, 2971, 2965, 2959, 2955 and 2945 in extension of the move Short and simple this week, let’s see how the week plays out and remember, your risk model is there to protect you, use it, keep your losers small and your winners big! 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
THE KOG REPORT THE KOG REPORT: In last week’s KOG Report we said we would be looking for price to tap into the lower red box region, give the long trade up into the red box resistance which was active and then give us the opportunity to short the market sticking to our bias and our bias target levels. Although we missed the precise entry by 30pips from the highs, we managed to get in and complete not only the bias target levels, KOG’s bias of the day target levels, Excalibur target algo levels and LiTE EA targets hitting 100% on those for the week. A fantastic week on markets on just on Gold but on the other pairs we trade and analyse as well. Well done to our traders and team. So, what can we expect in the week ahead? After the move we witnessed last week we would expect there to be some retracement on the horizon, however, it all depends on this lower level of 2850-47 holding price up in the early sessions. If we do see a clean set up here an opportunity to take that potential long into the level above 2865-70 should be available. It these level above that are concerning, they need to break above for us to confirm this as a short term low, however, unless broken 2875-80 and above that 2895-2900 should be decent target levels for the longs and also pivotal points to watch for reversal to continue the move downside. On the flip, we do have a level below sitting at 2805-10, which is also a bearish below level. If we continue this move downside from the opening, we’ll look to continue with the move downside on the daily red boxes and then look for an opportunity to take a swing long from lower down. Key levels this week: Resistance – 2890 / 2904 Support – 2850 / 2830 / 2810 Potential range – 2810 – 2880 KOG’s bias for the week: Bullish above 2847 with targets above 2865, 2871, 2876, 2880 and above that 2904 Bearish below 2847 with targets below 2840, 2835, 2830 and below that 2810 RED BOXES: Break above 2860 for 2865, 2872, 2874, 2885 and 2900 in extension of the move Break below 2847 for 2840, 2836, 2831, 2823 and 2810 in extension of 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
11
THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report we said we wanted to see price dip into the lower support and give us the opportunity to long into the higher levels targeting the red box targets and the bias levels given. We manged to get this trade and started the week well! We then suggested traders play caution as the set up just wasn’t presenting itself for the short, instead, we updated our plans and published the long idea again which played out well giving us a decent end to the week. The ranging gave us conflicting signals and choppy price action towards the end of the week, so not 100% to plan, but we played it and adapted. We managed another stellar performance on Excalibur, 6 targets on Gold and another trunk full on the other pairs we trade and analyse in Camelot. Difficult, but consistent nevertheless. So, what can we expect in the week ahead? Ideally we would like to wait for the market to open and break out of the range before picking the direction. We have lower support at 2930 and the extension level 2918-14 which needs to be watched for the break in the early part of the week, while the key level above 2950-55 with extension into the 2960 region should act as a barrier which will need to break. We’ll start by saying if the price does support that 2930-25 level on the open, then the opportunity to long into the 2943 and above that 2950 levels should be available to those looking to go long. We have marked a RIP point 2960-65 but that will only give us the flip so scalps into the lower support region are potentially all we will get. Above that we have marked our area of interest, this is ideally where we want to be monitoring the price action and looking for signs of a potential reversal, which, if given should give us a nice swing short into the lower levels which will be published on morning reviews and KOG’s bias of the day. On the flip, If we glitch and make a move downside on the open, look out for the levels of 2920-16 and below that 2910! These region need to hold us up to go higher in order to clear the liquidity from above before another attempt at lower. It’s the last week of the month, it’s going to be choppy and ranges will form. Indications of lower pricing are on the horizon, the set up just isn’t clear at the moment so play it level to level, keep an eye on the red boxes, look back at the KOG reports and see for yourself how well they play with price. Take it easy, “if it’s exciting, you’re doing it wrong”. We’ll update as through the week as we usually do with the red box targets, KOG’s bias of the day and the indicator levels. KOG’s bias of the week: Bullish above 2920 with targets above 2945, 2949. 2952 2955 and above that 2970 Bearish below 2920 with targets below 2916, 2910, 2906, and below that 2898 RED BOX TARGETS: Break above 2943 for 2947, 2950, 2955, 2962, 2966 and 2977 in extension of the move Break below 2930 for 2923, 2920, 2910, 2906 and 2899 in extension of 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
16