XAUUSD - KOG REPORT!
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KOG Report:
29/01/23
In last weeks KOG Report we said we would be expecting a correction in Gold and would be looking at the 1930-35 region for level to level longs and above that 1950-55. We also said we would be looking at these same levels to test the short trades to take this down into the lower 1900’s and potentially even lower. As you can see we started the week with an opportunity to long into 1930-35 which gave us a fantastic short into the lower support before then give the trade back up towards the 1950 level where again we suggested taking the short trades during our daily updates together with KOG’s bias and levels provided.
So, what can we expect in the week ahead?
We’re going to keep it short as not much has changed in our plans, we’re still expecting that correction if, of course gold plays ball! We’ve illustrated on the chart the move we’re looking for together with the levels and the range we have been using on the 4H chart. We’re again going to only go long level to level with caution and play with the intention of catching that short trade into the lower 1900’s, if we get the opportunity. We’re going to reduce lot sizes and maintain a tight risk strategy for the week due to the high-risk news events this week.
That level of 1930-35 again is a key resistance and above that 1950-55. Support stands at 1920 and below the 1910-13 which are your key levels for the early part of the week.
We would like to end by saying please try to take it easy this week. We have a lot of news the market has been anticipating and is likely to move the markets. Expect there to be more choppy, whipsawing and ranging price action, a lot of accumulation and know that they will not move with out taking liquidity from both sides. In scenarios like this we suggest new traders use our trading the range strategy as well as the scalping strategy we have shared in the past. Take what the market gives, let the move it to where they want, then look for the reversal signs and pick your trade.
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
29/01/23
In last weeks KOG Report we said we would be expecting a correction in Gold and would be looking at the 1930-35 region for level to level longs and above that 1950-55. We also said we would be looking at these same levels to test the short trades to take this down into the lower 1900’s and potentially even lower. As you can see we started the week with an opportunity to long into 1930-35 which gave us a fantastic short into the lower support before then give the trade back up towards the 1950 level where again we suggested taking the short trades during our daily updates together with KOG’s bias and levels provided.
So, what can we expect in the week ahead?
We’re going to keep it short as not much has changed in our plans, we’re still expecting that correction if, of course gold plays ball! We’ve illustrated on the chart the move we’re looking for together with the levels and the range we have been using on the 4H chart. We’re again going to only go long level to level with caution and play with the intention of catching that short trade into the lower 1900’s, if we get the opportunity. We’re going to reduce lot sizes and maintain a tight risk strategy for the week due to the high-risk news events this week.
That level of 1930-35 again is a key resistance and above that 1950-55. Support stands at 1920 and below the 1910-13 which are your key levels for the early part of the week.
We would like to end by saying please try to take it easy this week. We have a lot of news the market has been anticipating and is likely to move the markets. Expect there to be more choppy, whipsawing and ranging price action, a lot of accumulation and know that they will not move with out taking liquidity from both sides. In scenarios like this we suggest new traders use our trading the range strategy as well as the scalping strategy we have shared in the past. Take what the market gives, let the move it to where they want, then look for the reversal signs and pick your trade.
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
Note
What a beauty, straight into our first target.Level to level. point to point trading.
Taking a majority here stop to entry
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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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