End of day update from us here at KOG:
Complete correction on the move here from Gold! Markets are extreme but there are pips to be had as long as you're trading the extreme levels. We mentioned in the morning review that the bias level was 3130 bearish below, which got a tap and bounce for over 150pips but then we flipped, and what a flip. As soon as Excalibur triggered, we mentioned not to test the level again, and then went on to complete all the bullish targets, plus the Excalibur targets up into 3172 where some got another short opportunity.
Now, a really interesting play, we're stretched but we have a key level above at 3190-95. That could be the extension of the move over the Asia session so it's a level to keep an eye on for the RIP, unless broken. Otherwise, we need to break above the recent high to go higher and the retracement tomorrow can take us down as low as 3130-35!
It's going to be interesting to see how we close. For us, we've done our job, tomorrow we'll clean up and prepare for next week.
From Camelot this morning:
Price: 3108
KOG’s Bias of the day:
Bearish below 3130 with targets below 3104 and below that 3095
Bullish on break of 3130 with targets above 3135✅, 3143✅ and above that 3150✅
RED BOXES:
Break above 3110 for 3120✅, 3127✅, 3130✅ and 3142✅ in extension of the move
Break below 3096 for 3085, 3070 and 3065 in extension of the move
As always, trade safe.
KOG
Complete correction on the move here from Gold! Markets are extreme but there are pips to be had as long as you're trading the extreme levels. We mentioned in the morning review that the bias level was 3130 bearish below, which got a tap and bounce for over 150pips but then we flipped, and what a flip. As soon as Excalibur triggered, we mentioned not to test the level again, and then went on to complete all the bullish targets, plus the Excalibur targets up into 3172 where some got another short opportunity.
Now, a really interesting play, we're stretched but we have a key level above at 3190-95. That could be the extension of the move over the Asia session so it's a level to keep an eye on for the RIP, unless broken. Otherwise, we need to break above the recent high to go higher and the retracement tomorrow can take us down as low as 3130-35!
It's going to be interesting to see how we close. For us, we've done our job, tomorrow we'll clean up and prepare for next week.
From Camelot this morning:
Price: 3108
KOG’s Bias of the day:
Bearish below 3130 with targets below 3104 and below that 3095
Bullish on break of 3130 with targets above 3135✅, 3143✅ and above that 3150✅
RED BOXES:
Break above 3110 for 3120✅, 3127✅, 3130✅ and 3142✅ in extension of the move
Break below 3096 for 3085, 3070 and 3065 in extension of the move
As always, trade safe.
KOG
Trade closed manually
We got 3190 entry, slight stretch, only 3175 downside before breaking evenResistance now 3235 while support stands at 3210
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🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔵 FREE TELEGRAM CHANNEL: t.me/KnightsofGold
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.