THE KOG REPORT - NFP Update
End of day update from us here at KOG:
Ended up being a decent NFP for both buyers and sellers with price hitting just passed our region for the first attempt at long and then bouncing nicely into the higher level for the exit, and then the reverse trade for the short into the level we wanted. We suggested taking a majority at the red box and breaking even the trade, that trade has now closed at entry.
The concern for us here is we still have our hotspot above, this could be a level they want to attempt before then giving the retracement again, so please keep an eye on the region.
Otherwise, a successful NFP, movement nearly exact, levels were to be tested, the red box indicator gave the perfect entry, Excalibur was completed giving us a good end to the week.
Wishing you all a great weekend and we'll see you on Sunday for the KOG Report and our view for the week ahead.
KOG’s Bias for the day:
Bullish above 2645 with targets above 2685✅, 2694✅and 2700 (open)
Bearish on break of 2645 with targets below 2635
RED BOXES
Break above 2691 for 2700, 2702, 2710 in extension of the move
Break below 2675 for 2668, 2655 and 2645 in extension of the move
The circled question marks on the chart are our hot spots!
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
Ended up being a decent NFP for both buyers and sellers with price hitting just passed our region for the first attempt at long and then bouncing nicely into the higher level for the exit, and then the reverse trade for the short into the level we wanted. We suggested taking a majority at the red box and breaking even the trade, that trade has now closed at entry.
The concern for us here is we still have our hotspot above, this could be a level they want to attempt before then giving the retracement again, so please keep an eye on the region.
Otherwise, a successful NFP, movement nearly exact, levels were to be tested, the red box indicator gave the perfect entry, Excalibur was completed giving us a good end to the week.
Wishing you all a great weekend and we'll see you on Sunday for the KOG Report and our view for the week ahead.
KOG’s Bias for the day:
Bullish above 2645 with targets above 2685✅, 2694✅and 2700 (open)
Bearish on break of 2645 with targets below 2635
RED BOXES
Break above 2691 for 2700, 2702, 2710 in extension of the move
Break below 2675 for 2668, 2655 and 2645 in extension of the move
The circled question marks on the chart are our hot spots!
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: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
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