Quick update following on from the KOG Report yesterday.
This is just an observation and something to keep in mind, there is a double top on the 2hr timeframe with a potential trend in play. Within this double top is a one of our favorite patterns the Adam and Eve. Please look at our previous posts about the 4H Adam and Eve pattern and see what happened. IF this pattern is in play then its possible we could correct the whole move back down towards the 1770-75 level where we could find support again.
Support is here around 1795 and resistance is around 1802-4. Potential for them to push this up towards resistance and then drop it again to then take it up again. Use the levels on the charts, trade small to allow for this to push a little further down.
Please keep this in mind while you're trading and trade safe.
KOG
This is just an observation and something to keep in mind, there is a double top on the 2hr timeframe with a potential trend in play. Within this double top is a one of our favorite patterns the Adam and Eve. Please look at our previous posts about the 4H Adam and Eve pattern and see what happened. IF this pattern is in play then its possible we could correct the whole move back down towards the 1770-75 level where we could find support again.
Support is here around 1795 and resistance is around 1802-4. Potential for them to push this up towards resistance and then drop it again to then take it up again. Use the levels on the charts, trade small to allow for this to push a little further down.
Please keep this in mind while you're trading and 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.
