Knights of Gold

https://www.tradingview.com/chart/XAUUSD/7XYVLcXQ-XAUUSD-KOG-REPORT/In last week’s KOG Report we said that if the price pushed up into the 1878-85 region, we would be looking for resistance around there to then take a short on Gold down into the 1860 and below that 1855 price points. During the course of the move, we updated followers saying we would not be going long on Gold at those support levels as we identified a structure on the charts which was telling us we will see another swoop of liquidity from below. This gave us move down into the 1805 region where we finally completed the move. For this week we’re going to keep it short as again not much has changed! We’re still playing the 4H range and we’re still swinging up and down aggressively within it. We’re going to say expect more of this to come in the week ahead, the markets are extremely volatile and although we’re getting big moves on the swings, they’re making it difficult for traders to trade the complete move in one go.So, what can we expect in the week ahead?We’re still overall bearish on Gold so will stick with that view for now. We can see there being potential for a move to the upside which would be fantastic tapping into that 1860-75 price region where we can then see another aggressive price reaction. We have targets below but want to see how we start the week, focusing on the 4H chart structure and Excalibur to guide us. We’ll stick with longs level to level with the view to get another long-term short entry from the top. Whether we get it or not, remains to be seen!So, we’ll trade it with two scenarios in mind based on how the market opens and where we go first. Scenario 1:Price opens and pushes down into the 1835-30 support region. This is where we will be looking for strong support and feel an opportunity to then go long could be on the table targeting the 1850 level first and above that 1860-65. We would then like to assess the price action at the above levels looking to take our short entry if we’re satisfied!Scenario 2:Price pushes up on opening, we will wait for the price to attack and try to break the 1850 level. If it does and 1845-50 support is confirmed, we will trade this level to level to the upside looking for the first target of 1865 and then above that 1875-80. Those higher resistance levels are where we will be waiting for confirmation of a reversal to then take the short entry back down targeting 1835 and below that 1810. As we said, we’re going to keep it short this time. The markets are very volatile and aggressive, and it doesn’t look like they’re finished yet! We had another good week and don’t want to give anything back to the market so please trade carefully if you are going to trade.Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. 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

https://www.tradingview.com/chart/XAUUSD/3pXzWVHc-XAUUSD-KOG-REPORT/In last week’s KOG report we said we would stick with the plan from the previous KOG Report where we were looking for an undercut low on Gold at some point before taking the long trade up into the higher levels looking for our Excalibur targets to complete. We said we were looking for a good entry to target the 1870, 1875 and above that the 1880-85 levels. The structure on the chart suggested we would get an undercut low from the week prior to last week’s KOG report as well as suggesting a higher high. We said we would be shorting the market level to level with caution but looking for that opportunity to go long into those higher levels. As you can see from last week’s report and charts the market played out nearly exactly as we planned giving traders not only the move down into support but also the move up, completing a point to point, level to level move once again! The move down and then up gave traders over 500pips banked on Gold alone last week, not to mention the numerous other pairs we traded in Camelot. We will however say, it was a very difficult market to trade with the range they presented in between! So, what can we expect in the week ahead?We’re now looking for the price to find some form of exhaustion from the Friday move and attempt a pullback before then going to target the resistance level which is sitting above. We’re not bullish or bearish this week and we’re certainly not confident this is a move on Gold to the ATHs. So, unlike last week where we only gave one plan, this week we will give you two scenarios to consider when trading the early part of the week. Please remember we have FOMC this week so there’s every chance we will see a settled market playing within a range for the early part of the week.Scenario 1:On open, we see the price push up towards that 1878-85 level and find resistance. Based on this resistance we feel this would be an opportunity to short the market down into the 1860 and 1855 levels where we’re hoping the price will find support. Support here and its likely we will see the price again attempt to target the high and potentially test the 1900 level! Breaking 1850 and closing below it will negate this scenario.Scenario 2:We see the price push down in the early sessions, we will be looking for support around the 1860, 1855 levels to hold and then once confirmed feel confident this region would represent an opportunity to then go long to target the higher price levels of 1880, 1885 and above the 1890. Again, breaking below the 1850 level will negate this scenario.In summary:We can see this targeting higher levels but we’re still bearish on Gold. We want to see these higher targets completed with the potential of 1915 being on the cards in the coming weeks. At the moment above 1850 we’ll look higher but ultimately, we’re anticipating a strong turn at some point for Gold to come and complete our lower targets.Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. 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

https://www.tradingview.com/chart/XAUUSD/z8lo9gz8-XAUUSD-KOG-REPORT/In last week’s KOG Report we said a breakout looked imminent and once the market had accumulated enough it would. We gave a range of 1865-1835 and suggested that if the price went up into the 1865 region and faced resistance, we would be looking to short the market back down into 1850, 1840 and below that we wanted 1835. We said that if we got to 1835, we would take a majority of the trade of the table and then look for that region to support the price. During the course of the week we decided that the short was enough into the given levels and we would then sit back and monitor the markets. We updated the charts for NFP suggesting again that if that level resisted above, we could see this coming back down into the 1850-55 region where said if it supported we felt it would be an opportunity to go long. As you can see the market played out pretty well compared to the analysis and levels given which should have hopefully given anyone following a decent pip capture. Due to it being a holiday in the UK we didn’t trade the NFP release, but the move down has closed the daily candle on the 1850 price point. So, what can we expect in the week ahead?We’ll start by saying we’re going to stick with the plan on the NFP report, however, we can see this giving an undercut low at some point before potentially trying to go back up and target that 1880-85 level. For that reason, we’re going to be taking shorts with caution early part of the week and looking for strong support in the regions below before attempting to go long to target the higher price levels. We’re going to use the same 4H chart we have been using for the last week or so as the levels haven’t really changed due to the range we’re currently playing in. This week we’ll look for the key support and resistance levels to hold trading shorts level to level if we go down and hoping to get a good entry for the long trade into that 1870, 1875 and above that 1880-85 level. We can expect this to be choppy again so don’t expect a one-way ticket which ever way it goes. The chart shows that we may see some minor resistance at the 1855 level before we then attempt to target the lower support. Its that lower support region which is where we want to see this hold and confirm a rejection or reversal. Once confirmed and we’re confident we feel this level would represent an opportunity to then take the long trade back up to target the higher levels. Please note, breaking and closing below the 1835 level on the daily will change this scenario and lead the price to suffer more losses so risk and money management are really important. We’re still within the range and you can see the market is taking liquidity from both sides so there’s a chance they will give a lower low before then taking it up to give a higher high of the range. That lower range liquidity is sitting around the 1820-25 level so expect the unexpected! It’s a short one this week as we’ll update the plans and analysis over the course of the week.Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. 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

https://www.tradingview.com/chart/XAUUSD/kv5fNWth-XAUUSD-KOG-REPORT/In last weeks KOG Report we said we had two main targets in mind for the week, the 1865 level and the 1780 level. We mentioned the 1850 level and 1835 acting as almost a range pivot with the price playing within it and that we would be looking for a break of either level to then go long for 1900+ or short for 1780. We suggested in one of the scenarios that if the price opened and gave a signal to the upside we would target that 1865 region and look for a rejection in price. We felt rejection at that price point would give the opportunity to short the market back down with the initial target being 1835. Well, we got the high 1869 and the low of 1840. We updated the rest of the week with our reports and suggested playing the range, which is what we were doing in Camelot. It was a choppy market with a small range for Gold which was there to frustrate traders, the only way to trade it was to scalp the levels which we provide during the week.So, what can we expect in the week ahead?We’re going to keep it short this week as not much has changed; they’re converging MA’s and again looking like the breakout is imminent. This kind of price action is there to gather orders in one area or region for the market to then accumulate enough to move it to where they want to take it. This is usually where traders get stuck in the wrong direction as they buy the high of the range or sell the low of the range. For this reason, we would suggest you trade again with caution this week and use the levels provided to look for breaks and closes on the Daily candle. We have some long-term indications above in Camelot but for this week we’re not going to concentrate on them, rather look for the ones below to be completed as long as the price stays below the 1865 level. Our immediate range as it stands is 1865 to 1835, again it’s a case of one of these levels breaking and turning into support or resistance for the price to then either go up or down!So, we’ll look at this as usual with 2 scenarios in mind.Scenario 1:Price opens with a positive signal and taps into that 1855-65 region, we will look there for resistance in price and as long as those price points hold, we see this as an opportunity to short the market into the first level of 1850, 1840 and below that 1835. At 1835 we will then look to take a majority of the trade of the table and then assess the price action, if its starts supporting. Scenario 2:We get a negative signal in the early sessions, we will look for the price to target the 1840-35 level, based on support here we feel this could represent an opportunity to then long the market back up towards the 1850 level where we will again look for a reaction in price. Please note, breaking this level will lead the price into the lower target levels of 1820 and potentially below that 1810!We have a relatively low volume first half of the week with not much news to drive the market, however, it’s the later part of the week, Wednesday onwards where we are likely to see some movement in Gold. For this reason, its likely we’ll have more ranging and choppy price action until this makes its move. We’ll update the plan as we go along, at the moment you can see not much has changed from last weeks KOG Report because the market hasn’t really changed.Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. 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

https://www.tradingview.com/chart/XAUUSD/sjmsHFks-XAUUSD-KOG-REPORT/ In last week’s KOG Report we said we were overdue a retracement from the decline we had witnessed and would be looking for a short-term bottom for the price to then begin some form of retracement. We suggested to look at the 1780-90 price region and if price rejected that region, then we would be looking for the price to target the 1810, 1820 and above that 1835 price points. We suggested we would be looking for the price to remain below the 1850 price point and if it did, we would be looking to short the market back down. During the week we updated this with the intraday zones and suggested the 1835 price point would be a good target for the shorts and then to look for the long again into the 1850 region for the retest. As you can see the market moved as anticipated and it gave traders the opportunity to long, short and then long again using the zones and levels provided. So, what can we expect in the week ahead? We’ll start by saying we always trade caution leading up to the end of the month and with this being the last trading week of the month we’re going to be picking and choosing our trades wisely. May is usually a negative month for Gold so what we want to see is if this has found the bottom here for now and are we going to be testing the higher price regions over the coming months. We have shared the weekly and monthly charts on Gold showing what we’re seeing highlighting the key areas for the structure to remain intact for lower pricing, so we’re not convinced this is going to new all-time highs at the moment. We can see the higher level of around 1910-20 which is where liquidity is sitting tight, so there is a possibility we will see this price point as some point in the coming months. We will be aiming for this level only on the break and close of the 1850 level. Until then, as we suggested on the weekly KOG Report we have a low of around 1780 which needs to break for this to go lower. Now traders will be asking is it a buy or a sell! We’ll say we have two main targets in mind for the coming week, the 1865 level and the 1780 level. We have the key zone of 1830-35 stopping us to the downside and we have the psychological level of 1850 blocking us to the upside. This gives us the range we could be playing in if this wants to accumulate here on the daily timeframe. So as always, we’ll trade this with 2 scenarios in mind for the week. Scenario 1: Price opens and we get a negative signal in the early sessions. We will be looking for the support region of 1832 and below that 1828. As long as these levels hold, we feel this will represent an opportunity to long the market up towards 1850, 1855 and above the 1865. 1865 is our target on the long side for this week and that’s where we want to see if there is a break through and close or if the price is rejected at that level. Scenario 2: Price opens with a positive signal; we will be looking for a break of 1850 and close. If 1850 holds as support, we see this as a short term trade to the upside to target that 1865 price region and look there for a rejection in price. If price is rejected there, we feel this is an opportunity to take the short trade back down for the target area of 1835 and if we close the daily below the 1850 level the levels of 1820, 1810 and below that 1790. In summary. Trade the range, trade the levels, breaks and closes, look for sniper entries from support and resistance levels and follow the targets. We will be trading this level to level, if we get the right entry we’ll take partials at a good levels and move the stops to entry on the winners to protect them. We’re not here to get rich quick, when the market is giving take from it, but when it starts taking make sure to give as little as possible. We’ll share the weekly and monthly chart updates as well so we can see what the price is doing on a bigger scale allowing us to stay the right side of it. This week we have FOMC on Wednesday so potential for this to just range in a tight zone creating choppy and whipsawing price action. Please tread carefully, don’t commit too heavily on your trades and make sure you use a strict and responsible stop loss! Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. 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

https://www.tradingview.com/chart/XAUUSD/HVr7vcuM-XAUUSD-KOG-REPORT-Weekly/ A lot of traders are in limbo at the moment wondering where Gold is going next after the decline we’ve witnessed recently. The honest answer to this is we’re in a region at present where we should have seen a technical retracement on price at least up to 1850, however, what they’ve decided to do instead is hold the price in this area and range it over this week giving us a high so far of 1835. We have a lot going on in the news as well as options expiry, so this is potentially the reason the powers that be are holding the price and accumulating orders here. We’re going to share the long-term charts that we have shared in the past with an overall view of Gold and what the possibilities are based on its structure and key levels. Weekly Timeframe: We shared this chart a few months back, please see the link below. We showed what we were anticipating which was just before the Russian invasion of Ukraine. As you can see what we were looking at was the higher liquidity region to reject the price and then start the decline. What we usually see with high volume regions is the price either rejects the move or, the area is used to propel the price in continuation of the move. This is exactly what happened here! Having said that, once the high was created, we can now see we’ve had a succession of bearish candles and a reversal pattern on this chart temporarily changing the structure. This makes this week’s candle close very important as we need it for confirmation! We had highlighted back in February the 1720 target if that liquidity region rejected price which you can see on the chart. On this chart we can see the key area here is 1780, the price needs to break this level to the downside which will suggest bulls have stepped aside temporarily and they wait to get better pricing to buy in on Gold. If you zoom out of this chart and go back to 2011/12 we had illustrated the Fractal we were looking at throughout the bull run and before the Russia/Ukraine crisis which as you can now see is in play again! Now, because this is a long-term chart the key levels are stretched further apart so we already know the immediate support on this chart is 1780, which needs to break to the downside for this to go further. We now need to look to the upside and gauge what the resistance level is and where we need to break for this to then change structure and continue to the upside. So, our first point of reference is the trend line, which as traders are aware are subjective, traders draw them differently and most are in different places. We have our own way of drawing them so we will stick with this one for now. The trendline resistance area is also conflicting with the 1830-35 price region illustrated as liquidity which we have also been talking about on the KOG reports over the last couple of weeks. Again, because this is a long-term chart, we have to stretch out these levels marginally, which if we do in this scenario would give us the 1845-50 region give or take. This now makes this range of 1780-1850 possibly one huge range of liquidity and accumulation for the markets. So in summary, on the weekly chart we either need to break and hold above 1850 and then 1872 for this to continue to the upside, or, we need to break and close below that 1780 region for this to confirm going lower. As it stands, if this was a daily chart we would be saying level to level, however, on this chart we would say for the swing wait for the high or the low. As always, trade safe. KOG

In last week’s KOG Report we suggested we wanted to see some bullish momentum to target the higher resistance levels before then coming down to swoop the low. We wanted higher into the 1900s where we wanted to take the long-term short position and said we would treat it level to level following Excalibur. We had our mark on 1850 and suggested that this level will see a reaction in price, as you can see the market tested it but only gave a small bounce before breaking it and then turning it into resistance. We had lower targets of 1845, 1833 and 1821 and mentioned we had a lower target of 1790. All but one of these lower targets have been met, the 1790 level is still active. We completed 22 targets out of 24 trades in Camelot on top of the full house of trades we had last week. So what can we expect in the week ahead? A lot of traders are asking if this is going back up. This is the benefit of KOGs level to level trading strategy following the Excalibur, it doesn’t matter if the market goes to the moon or down to the ground, we trade it as we see it up and down, which is why we give both scenarios. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM We’ll start by saying this is well overdue a retracement from this move that we’ve been seeing. However, we want to see where this finds a short-term bottom before then making the move into the key levels above, for this reason we will be taking shorts with caution into immediate support levels and looking for a confirmed reversal before taking any long positions to target the higher levels. There is a huge chance that Gold can start to range here instead of making that move higher, so we’ll trade it how we see it this week with a neutral bias. We have our lower target or 1790 which we would like to see completed and below that 1775 which is also a possibility. We have maintained the bearish view on Gold and our members know that we have targets even lower for this precious metal. We will therefore trade this as usual with two scenarios in mind using the same chart we have been using from last month. Scenario 1: The price pushes down on opening, we will be looking for our 1790 level to complete with the potential for a low around the 1780 price point. If these levels hold and we see a confirmed support then we see this as an opportunity to take the long trade back up towards the 1810, 1820 and above that 1835 price regions. As long as the price stays below the 1850 region we will then be looking to take this back down into our lower targets which we will share over the course of the week. Scenario 2: The market pushes the price to the upside, here we will be looking first for 1810 as the first point or resistance, if this resistance breaks and turns into support there are opportunities to trade this level to level to the upside targeting 1818, 1825, 1832 and above that 1837. The 1830-35 price region is where we want to see a reaction in price and if we find a strong resistance here we feel there will be an opportunity to short the market back down to target that 1790 and 1780 level. https://www.tradingview.com/chart/XAUUSD/cUVDp99c-XAUUSD-KOG-REPORT/ In summary: We’re level to level with caution on the shorts unless we get better entries from higher resistance levels and the bias remaining short overall but neutral for this week. We’ll be looking for the price to find some short term support below to either establish a new range or to then begin some form or retracement to the upside with the 1830-35 level being a very important region. As long as the price stays below 1850 we will be looking to target lower pricing on Gold. Range for this week we would say is 1770-1835. Read next: (TRX) TRON USD Decentralised Blockchain Platform That Focuses On Entertainment And Content Sharing. Altcoins: A Deep Look Into The TRON Network | FXMAG.COM Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. 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

In last weeks KOG Report we were looking for some bullish momentum for Gold which we didn’t get until the end of the week. We wanted to see the price swoop liquidity from below in the immediate support regions and then begin an incline to target the higher levels we had identified before then dropping into the lower KOG targets. Instead, we can see the price continued the decline until the later part of the week completing our lower target and then beginning a small incline in price. Did it go to plan? No! We hit the target but not how we wanted to. https://www.tradingview.com/chart/XAUUSD/u9lYCBa2-XAUUSD-KOG-REPORT/ So what can we expect in the week ahead? Not much has changed from our view from last week, we’re still looking for some bullish price action to target that higher resistance level where we want to see a reaction before then taking the swoop of the low. There is a huge possibility they can open by undercutting the low from last week, so this is a key area we want to keep an eye on. The region stands around the 1850 psychological level where there is likely to be a reaction in price action. If we open and target that low without breaking it this time then there is a chance, they will take this up before again trying to bring it down again. So, we will use the same NFP chart we used last week and look for the same areas again this week for our entries and exits. As always, we will trade this with two scenarios in mind. Scenario 1: They open and push the price down first, targeting that 1850-55 price region. Based on support at this price point we feel this would represent a good opportunity to go long on the market to target that 1915, 1920 and above that 1927-30 price point. As the chart illustrates, this is where we will be waiting again to short the market back down into the 1885, 1850 and below that 1830 price points. Scenario 2: This would be ideal for us. They open and push the price to the upside targeting that 1915 level and above that the 1925-30 price region. This is where if we have take any long trades we will exit and then look for resistance to target the lower levels of 1850 and below that 1830. Our targets for the week are: Lower: 1845 1833 1821 Higher: 1895 1917 1933 1940 In summary: We are level to level at the moment following Excalibur where ever it is taking us. We’re waiting for the higher of lower extreme levels to take our longer term positions for either the long into the 1930 price region from below, or, the short from the higher key level above. The ideal scenario as we said is for the price to push up during the early part of the week and then take the decline we are waiting for. Where are we targeting to the downside? Let’s just say we have a target around the 1790 price point. Whether it gets there or not is to be seen, but this is what we’re looking at in Camelot. As always, we’ll update this during the course of the week with our morning reviews and the changes in our plans. Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. 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

https://www.tradingview.com/chart/XAUUSD/vnkW7Vje-XAUUSD-KOG-REPORT-FOMC/ This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. We’re going to keep this one brief today as we’re not really interested in trading this on the intraday levels. Instead, we want to wait for key levels to break and act as support or resistance, or we want key levels to get hit where we can test the entries for the longer trades. As you can see we’ve hit the lower level we wanted on the KOG Report which was published on Sunday leaving the higher levels still open. We can still see some movement up to come, however, how low can they swing it if they want to before we see the rise at least to target the 1900 level. So here are the two scenarios we will be looking at for FOMC and potentially during the course of tomorrow, unless anything changes. We’re going to use the 1HR chart with the 4HR Key levels, so it makes it easier to follow the price. Scenario 1: They push the price up from here, the first level we want to look for a reaction in price is the 1890-95 price point. This is where there could be an opportunity to short the market down into the 1850-40 price region. We will then be looking around 1830-25 for a grab and potentially this could represent an opportunity to then trade this back up to where the price broke out from and maybe higher. Breaking the 1890-95 level then we're looking at 1914 and above that 1930-35. Scenario 2: They push the price down, its likely they will swoop just below the 1850-45 price level and then attempt to recover the price back up to target the 1900 level and potentially beyond. Breaking the 1840 level will likely mean they will hit our 1835 target where again we will likely see a reaction in price to potentially take the long trade. In Summary: We have the levels of 1830-25 below and we have the levels of 1925-35 above. If they really want to move the price they can move it to either of these extreme levels. The best option on funds like this is to sit out, wait for the to target the levels, let the price show signs of exhaustion and then take your entry. Trying to catch this up and down in high volume high volatility is potluck, you’ll either get it right or you’ll get it wrong. Hope this helps in preparation for FOMC. 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.

https://www.tradingview.com/chart/XAUUSD/0iiydXgu-XAUUSD-KOG-REPORT/ In last week’s KOG report we again suggested we weren’t convinced by the bullish sentiment in Gold and we would be targeting lower levels on Gold. We stated that as long as the price stays below that 1960-65 level our target will be the 1890-95 price point. We updated this during the week with our plans together with the levels and targets for the short destination which you can see has now completed. We completed 17 targets across numerous pairs in Camelot giving us a pip capture which again was through the roof. That’s along side all the free trade ideas we had posted on TradingView. So, what can we expect in the week ahead? We will be looking for some bullish momentum in Gold in the week ahead with the immediate level we want to target being the 1917-20 region and above that 1925-30. What we do want to see however is a swoop on some voids below which could give us a double bottom on the 4H timeframe. The concerning thing for us is we still have lower targets that are active on Gold, so we will trade the new week and first few days of the month with caution. There is a chance they can swing low into the void, take liquidity from there and then push the price up before facing resistance and then dropping it again! For that reason we will have the weeks bias a bullish but overall bias will remain bearish for now! We want to see how the 1925-30 price point takes in the price if it gets there. We have shown the levels we are looking at and together with the support and resistance levels. We will break this down during the course of the week and take it step by step making sure we remain in the right direction on Gold, as we have been. Again, that 1960 price level is very possible and again, if we get that far up, we will be looking for the price to remain below this level to maintain our bearish view. Theirs is every possibility this can begin to settle in between this range of 1875 and 1930 so look out for the range, plot the levels and use the range trading strategy we have shared on TradingView previously. We will link it to this post for you! So as always, we will trade this with two scenarios in mind. Please read this carefully as the we can do so much to create the roadmap on the chart without cluttering it with too many lines and arrows. Scenario 1: We open and price find support around where we have closed or just below here. We feel this would be a good opportunity to test the long trade into the first level of 1915-17 and breaking that the next level of 1930. 1930-35 is where we want to again assess the price action and the structure of the chart before deciding whether to hold our trades or to then release all the longs and test the short trade back down to test the patterns neckline. Please note, that breaking above the 1935 price region could entail the price going further into the higher resistance level of 1960-65 where again we will look for the short. From 1935-1960 we will switch to our level to level trading strategy holding partial longs from the lows, if we get the entry! Scenario 2: Price pushes up from the open. We will not go long, rather wait for a retest of support to go long or if it doesn’t hit the 1915-17 level, or wait for the 1915-17 level to either resist the price or turn into support. Once this is confirmed we will be happy to go long to target the higher levels for support levels until we reach 1930-35 and above that 1960. At 1960 we feel the opportunity again will arise to short the market down into the lower support regions starting at 1910. We will of course update during the week. In summary: We have a lower level of 1858 as a target and higher level of 1960 and above that 1995 again. We either want to lows to be complete to give us the entries for the longs into the higher levels, or, we want the high to be complete so we can short it again down into our lower targets. New week, new month, we have a rule in Camelot where we take it easy during the first few and last few days of the month. Let the market settle and find its feet, the trades will come, it just requires patience, and patience pays!! Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. 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

24/04/22 Another great week for us here at KOG not only on Gold but managing to hit 21 targets on Silver, BTC, US30, NAS100 and GJ, to name a few! In last weeks KOG Report we said that we would be looking for the 1985 and 1995 level to be targeted if the price pushed up, and that if we did get to completion of those targets, faced resistance, we would be looking to short Gold into the lower levels of 1960, 1940, 1930 and our lower target of 1895. As you can see we achieved a point to point move on Gold, straight into our higher target and then the decline began for the remainder of the week. We have achieved 1960 and 1940 with 1920 and 1895 still outstanding. Another great week for us here at KOG not only on Gold but managing to hit 21 targets on Silver, BTC, US30, NAS100 and GJ, to name a few! https://www.tradingview.com/chart/XAUUSD/T2t6kyRr-XAUUSD-KOG-REPORT/ So, what can we expect in the week ahead? As we said last week, we weren’t convinced by the bullish move on Gold so we’re still going to be targeting the lower level on this. Having said that, we are expecting some form of retracement on the price. Where to? Let’s dive in and have a look! We have some immediate levels in mind for when the market opens, these levels are where we want to see a reaction in price which may tell us if we’re going to see the retracement first, or if they’re just going to push it down further in the opening sessions of the new week! We have highlighted these levels on the chart for you, please look at these regions as price points where you may see the price reject and begin some form of retracement. 1927, 1917, 1910, 1897. Related article: U.S Yields Expecting Further Increases!?, Announcement Of PMIs Prelims For The Private Sector - FOREX Today| FXMAG.COM So, we will be as always, look at this with two scenarios in mind. Scenario 1: The market opens, we get a swoop to the downside from the get go, we will be looking for 1927 and below that 1917 which will surpass our 1920 target. Based on support at these levels we feel an opportunity to go long on the price may exist to target the immediate levels of 1940, 1950 and above that 1963. As long as the 1895 target is not hit and the price stays below the 1960-65 level we will be looking to short again into that 1895 level. As we suggested, the price needs to remain below the 1960-65 level for us to achieve this target, breaking above this level and we will adjust our plans to target higher up. We will update on this during the course of the week. Scenario 2: The market opens, we get a small move to the downside targeting 1925-27, if price finds support here, we see potential to test the long into the immediate resistance levels of 1940, 1950 and above that 1960. Again, we will be looking higher for resistance to go short again down into the KOG target level. As above, price needs to remain below the 1960-65 level. So, for this week we have the key level of 1890-95 support and the key level of 1960-65 resistance. The range in between is where we closed on Friday, right in the middle! Read next: Gold Price Forecast: XAUUSD recovers from intra-day dip under $1930, but still pressured as yields/USD rise| FXMAG.COM Please keep in mind this is the last trading week of the month, so expect there to be some profit taking and position covering towards the end of the week. Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. 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

https://www.tradingview.com/chart/XAUUSD/m0chQlJU-XAUUSD-KOG-REPORT/In last weeks KOG Report we said we were not convinced by the bullish move from the previous week and would be expecting the market to go a little higher to target the levels of 1970 and above that 1975 where we would be looking to protect and take most of the profits on any longs and then waiting to short the market into the lower support levels initially. We suggested that we would like the market to open, target the 1950 level and then drop into 1940 where we would be looking for support. As we suggested the market played out exactly as planned, not only down into support but then up into the 1970 and 1975 regions. We ended the week in Camelot with 19 targets hit across 22 trade ideas. Another phenomenal week for us and our members here at KOG.So, what can we expect for the week ahead?Again, we’re going to keep it quite simple this week as the plans from last week haven’t really changed. We can see another push to the upside into the 1985 and 1995 levels and potentially just a little higher around 2003-8 where again we will be looking for the market to correct at some point during the course of the week. We have a lower level of 1920 and 1895 which we’re targeting as long as the price stays below the 2000 level. Breaking this level to the upside on the Daily and closing above it will negate our plan temporarily. Immediate supports stands first at the 1960 level and below that just above 1950, this is where there is likely to be a reaction in price to the downside. On the flip side, immediate resistance stands 1980-85 which is also where we are likely to see a reaction in price. We have a pattern test around the 1995 level with a lot of imbalance above, so its likely we will see bullish movement but as we’ve said, we would like the pull back first into the lower support regions.We would like to make it clear that we have a higher target on Gold around 2090 but we want to get a good entry from below for the swing trade so this will require a lot of patience along with trade management.So, we will as always look at this with 2 scenarios in mind:Scenario 1:The price begins by declining into the lower support region of 1960 initially, this is where we feel there could be an opportunity to target the long trade into the above resistance levels with the complete target being at 1985. This is where we will be looking to protect any long trades and taking a majority of profits of the table. We would like to see this target the higher levels where we will be looking for signs of a reversal to take the short trade back down into 1940, 1920 and below that 1895. IF we do achieve those lower levels we will be looking to go long again to go higher!Scenario 2:Price pushes to the upside and targets the 1985-95 levels, if we face resistance here we will be looking to short the market back down into the first key resistance level of 1960, below that 1940 and a break of that the level we’ll look for 1920. At this point we will take it step by step looking for signs of a reversal to again go long and target the higher targets. In summary:So, our key levels are 1960 and 1985 as immediate targets to the upside and downside. Price needs to stay below the 2000 level on close for us to continue targeting the 1895 level. A break and close above 2000 with confirmation of the movement and we will start looking to target the higher levels.We’re not expecting much during the start of the week so its possible we will just see the market range and prepare for a breakout in either direction. We will of course share our daily levels and plans as we progress throughout the week. We will try to share the daily and monthly levels and structures at some point during the course of the week so you can see what we’re looking at and what we have been observing in Camelot. Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. 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 are very much appreciated.As always, trade safe.

https://www.tradingview.com/chart/XAUUSD/GQ9tyXwE-XAUUSD-KOG-REPORT/ In last weeks KOG report we said we would like to see some bearish pressure on Gold as long as the price stayed below the 1960 region. We suggested that if the market opened and pushed to the upside we would be looking for the zones illustrated on last weeks report to hold and then we would be looking to go short. We wanted to see at least the 1910 level target completed, however, the market reached 1914 and then turned bullish again. We suggested during the week that we had a target of 1945 which you can see has now been achieved. So what can we expect in the week ahead? We’re going to keep this report shorter than usual as our plan hasn’t really changed from last week, only the potential regions for reaction have changed which we have updated on the chart. We’re going to say again that we’re not convinced with the bullish movement at the moment, our bias is still neutral, but we feel there is an opportunity to get in on a short trade to target the lower support levels below 1900! That’s not to say we’re not seeing this go up a bit more. So, we have two targets in mind for the week ahead, the above target of 1970-75 and a lower target area of around 1890-95. We will be looking to either go long from support to target the higher level or 1975 or be looking to short the market from the higher level of 1975 down into lower support levels. So we will look at this as usual with two scenarios in mind: Scenario 1: It would be ideal for the market to open and just push up a little to tap into that 1950 supply and face some resistance there. We are expecting a pullback into the regions of 1940, 1935 and potentially 1920. This is where we feel there will be an opportunity to exits any short trades and take the long entry into the higher resistance level of 1970-75 where we will again be looking to go short for the lower levels. Please note, breaking 1920 and staying below this level will take us lower into 1910. Scenario 2: Price opens and pushes towards the downside, we will be looking for support to hold first around the 1930-35 region, breaking this the lower price point is 1920. If we see strong support here we will be looking to go long into the higher resistance levels of 1970-75 where again we will be looking to go short. So in essence, there are two key levels we are looking at targeting, we either want to go long from below to target 1970-75 or we want to go short from above to target 1895. Based on the mildness of the breakout on Friday it is very possible that we see this now range again just to really frustrate traders before they actually make the move they want to. While it ranges we will be trading this level to level the KOG way. As usual, we will update the analysis throughout the week and keep you in sync with any changes. Please do hit the like button, give us a follow and leave a comment. Your support and following is very much appreciated. As always, trade safe. KOG

https://www.tradingview.com/chart/XAUUSD/jSTfZpt9-XAUUSD-KOG-REPORT-FOMC/ This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. We’re going to keep it short for this report as we’re not really changing our plan from the KOG Report and daily analysis which has been shared here over the course of the week. We’ve already hit the higher level where we suggested shorting the market which gave a decent return on yesterday’s move. We are expecting the range to potentially break with hopefully an upside swoop on liquidity before testing the lower levels that are illustrated on the chart. We will be looking for the price to stay below the 1950-60 price point, the price region is 100pips because this is FOMC and being a high-volume event (usually), the market can surpass levels with aggressive spikes. So, we will look at this with two scenarios in mind with the bias being towards the move upwards first! Scenario 1: The price pushes up into that 1945-50 and above that 1955-60 price region, these areas we feel would represent an opportunity to short the market back down into the 1930, 1920 and below that 1903 price points initially. Once the entry is placed and in profit we will take partials along the way and protect the trade. Scenario 2: Price pushes down. In this scenario we will wait for the lower levels of 1885-7 and below that 1860-65 for the price to exhaust and then we feel this price points would represent an opportunity to go long on the market back up towards the 1910 and above that 1920 price points. This could again be an anti-climax like we've seen recently as these rate hikes have been priced in. What the market will be waiting for is the press conference which will be around 19:30 UK time where Powells responses can move the markets. In our opinion the best way to trade this is not to. Stay out until tomorrow, they will move the market to where they want to buy or sell it, that’s what we as traders should do to, wait for them to move the market, let it find its base and then think about taking the trade. Our immediate target level is around 1945 so we’re hoping this target is completed at some point today.

https://www.tradingview.com/chart/XAUUSD/jRzWplNL-XAUUSD-KOG-REPORT/In last weeks KOG Report we suggested we would be bullish on Gold and would be looking for the market to target the 1985 mark as long as it stayed above the 1950 price region. We suggested we wanted to see how the market would open and if that 1960-65 price region would act as resistance on the price, if that was the case then we would be looking for 1950 to get tested and would need to hold as support for the price to go higher. During the week we updated the analysis to keep followers in tow with what we were doing and looking at, you can see it played out not perfectly, but well.So, what can we expect in the week ahead?We would love to say we’re bullish on Gold but at the moment we’re not too convinced with the structure and price action on the chart. This is not to say we’re not looking to go long but we feel we may see some more bearish movement on Gold as long as we remain below that 1960-65 price region. We’re going to share the months analysis on a separate chart to give you our view on a longer term basis so please do take a look at that as well. So we’ll use the 4H chart today for the report as the levels in ranges like this are more appropriate and easier to use. Just like we did with the NFP report on Friday we’ll stick with a similar plan where we will be looking at the range of 1960-65 as resistance and key support sitting at around the 1880-85 region. We have FOMC on Wednesday so we would expect the market to begin the week slowly and potentially stay within the immediate range of 1910 to 1940-45. So we will look at this with 2 scenarios as usual keeping in mind we will update the analysis specifically for the FOMC KOG Report on Wednesday.Scenario 1:The market opens and tests the higher resistance levels as shown on the chart, we will be looking for this resistance level to hold and we feel that would represent an opportunity to short the market down towards the lower support levels, also shown on the chart. Please remember, this is a weekly plan, the best way to trade this is KOGs level to level way working your way through the levels to the final destination. Scenario 2:The market opens, we see the price test the lower support level of 1910 initially, based on support here we feel this would represent an opportunity to long the market towards the immediate resistance levels and range high. As we mentioned last week, while we’re in this range we will trade level to level with the plan to wait for the extreme support o resistance levels to take our positions for the longer term. We will maintain a neutral bias for this week waiting for the break of the range and the break level to turn into support or resistance. We have drawn a box on the chart with the immediate range for you.Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. 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 are very much appreciated.As always, trade safe.KOG

https://www.tradingview.com/chart/XAUUSD/fqxXg5WZ-XAUUSD-KOG-REPORT-NFP/ This is our view for NFP today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. We’re seeing the price move with in a tight range now with MAs starting to converge in preparation for the NFP release. We would strongly suggest you stay out of this one, there is potential today for the move we were expecting yesterday for end of financial year. We’re going to use the hourly chart for the illustration but we’re going to use the 4H chart for the levels. Reason for this is we again will be waiting for key extreme levels if we do decide to take a position. So, on the hourly we can see the immediate trend and a potential H&S in the making. The right shoulder is sitting around the 1940 level which may act as support, however, there is a level above which is around the 1950-55 price point where again there is liquidity waiting. So we will trade this with two scenarios in mind, for both we will be using the 4H levels on the hourly chart. Scenario 1: Price pushes to the upside, in the scenario we will be looking for the price to stay below the 1960 level. If we see rejection and resistance around the higher level we feel this would represent an opportunity to short the market towards the lower levels of 1930-35 and below that 1910. If we do take any entries we will be taking partials along the way as long as they’re in profit and protecting the trade. Scenario 2: They push the price downside, we will be looking for the first reaction around the 1910 region where we feel there will be some support. There is a chance this level will break to the downside if we come down here so we will wait for the lower levels of 1890-85 where we feel there will be am opportunity to go long. The range is big hence the levels are further apart. While Gold is moving 2-500pips a day and swinging wildly its too risky to trade the immediate levels on NFP unless you’re an experienced trader with an effective risk management strategy in place. This could all be an anti-climax and we hardly move, in which case we’re happy to sit tight. The market has been nice to us last month and we don’t want to give anything back so we shall remain on the defensive and maintain patience. As always, trade safe. KOG

https://www.tradingview.com/chart/XAUUSD/2YHOJMDX-XAUUSD-KOG-Report/KOG Report:In last weeks KOG Report we said we were expecting a big move on the horizon which may throw a lot of traders of course. Instead, we got majority of the week in the range and then a break just slightly above towards the end of the week. We got the push up into the 1930s price level which gave a great short into one of the targets we suggested being 1910. We managed to guide trades through the range and managed a fantastic week netting over 300pips on Gold alone. Not to mention the other pairs that hit targets at Camelot.So what can we expect in the week ahead?We’re going to keep it short this week with a plan to go long but, we want to see how the market opens. We have an area in mind which is around the 1985 price mark, but we want to see if this pushes up in the early sessions and tests that 1960-65 region first! We can see here that we have broken out of the range but only slightly, that previous resistance level has now become support, a strong test on that support is needed and this needs to hold for this to go higher and challenge that 1985 level as the first target and above that 1997. So we’ll trade this with two scenarios in mind.Scenario 1:Price come down on opening sessions and tests that lower support region which is also the top of the previous range between 1945-50. We don’t want the price to close and hold below this level, we want to see a quick visit and rejection here. IF we do get the support, we want then we will be looking to go long up towards the 1965 region first and above that 1985. The higher region and target of 1997 is where we want to see a reaction on price and depending on that reaction, we may test the short trade there! If we hold below that support level and it becomes resistance again we will be waiting lower around the 1930-25 price point where again we will look for support and attempt to go long. We will update you as we go along during the week.Scenario 2:Price pushes up into 1960-65. We want to see it resist here and then hold above the 1950 level. As long as we get that retest we will then attempt the long trade back up into those levels. This scenario only works on the retest as we don’t want to short for 100pips back down into major support. So please wait for confirmation on the trade. Again, breaking and closing below that level and we will wait lower to go long which we will update you on. Both these scenarios are effective if the price stays above the support level which was previous resistance. This week is going to be really important, it’s the end of the month, financial year and the quarter. There is going to be a lot of volume in the markets with institutions covering positions and wanting to close out of positions. That move we were anticipating last week which will throw traders off may happen this week. Please tread carefully and control your lot sizes, always have a risk strategy in place and allow yourself time to manage your position. Before we go, we would like to wish all the mothers a happy mothers day and all our followers a great end to the weekend. We’ll be back tomorrow with an update.As always, trade safe.KOG

https://www.tradingview.com/chart/XAUUSD/bgv5PchS-XAUUSD-KOG-REPORT/ KOG Report: In last weeks KOG Report we suggested we wanted to see the price test the lower support region to give us a good entry for the long, which we got. What we didn’t get though was that aggressive push to the upside, instead FOMC moved the price towards the 1950 level giving traders over 300pips on the move. We managed to trade the longs and the shorts in Camelot with a total of 18 targets completed last week, which was a fantastic result for Excalibur. In all we played the defensive on the markets trading this the KOG level to level way making sure we were not over exposing ourselves. So what can we expect in the week ahead? Something is telling us there is a big move on the way and its going to catch a lot of traders out! What we will say is that we will be looking for extreme resistance levels on this to add to the short positions we’re holding from above. That’s not to say we won’t be going long; we will take long trades into immediate resistance levels. We can see am immediate resistance level at the 1930 level and above that around 1945. That 1945 level is important for as long as the price remains below that level its likely we will see some lower targets being achieved in Gold in the coming week. On the downside we have the key level here of 1890-80, that’s where we will be waiting this week to go long on the market. We’re not concerned and don’t want to get involved in the immediate range unless we’re taking quick scalping trades level to level using Excalibur to guide us. So, we will look for the following scenarios on Gold this week: Scenario 1: Price opens, pushes to the upside and finds resistance at the 1930-35 level, we feel this level would represent an opportunity to short the market back down into the immediate support levels of 1910, 1903 and below that 1895-90. We will be waiting just below to take a long position to target the 1930, 1940 and above that 1960 level. IF we reach 1950 we will take a majority of our trade of the table and let the rest run with the stop to entry. This will be a great swing trade if it works out! Scenario 2: Price opens negative, we have an Excalibur target just below around the 1910 level, we would expect a potential test on that wick or just below it. We will wait for our support levels of 1902, 1885-80, this is where we will want to test the long trade into the levels we have mentioned above! Again, around the 1940-50 level we will take a majority of the trade of the table and leave the stop at entry with an open target above. What we will be looking for is resistance above where we will want to short the market again. Its been a difficult month for traders with a lot of news driving the markets, the candles look small but the pip capture is very tempting for traders who are trading large lots. The market knows this and will create the swings and choppy price action to make sure its not as easy as it looks. Try not to be roped into the orchestration. We’re still playing the defensive here, even if that means we continue to do so for another month. We would rather trade a natural market than trade in the volatility being created by the fundamentals and geopolitics. Hope this helps traders, as usual we will be updating the analysis, levels and charts as we progress throughout the week. We’ve been doing these reports and analysis a long time, please do give us a like on our ideas, it does motivate us to keep going. As always, trade safe. KOG

https://www.tradingview.com/chart/XAUUSD/E41DqfO0-XAUUSD-KOG-REPORT-FOMC/ FOMC – 16/03/22 This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. We’re going to use the 1H chart for todays FOMC Report and will say that we’ll stick with this for the remainder of the sessions, unless anything changes. As usual we’ll give our daily updates and levels with our latest thoughts and ideas. We can see the market reacting to any news coming out of Russia/Ukraine which is causing traders difficulty in trying to swing trade this to the upside. We expecting this to give a push up at some point, whether that’s today or not remains to be seen. The key levels here are 1889 and 1870 below with the higher levels being 1937-40 and above that the 1950-60 level which would fill the imbalance. So as usual we’ll look at this with 2 scenarios in mind with our bias being to the upside at the moment! Scenario 1: They push the price down, we’ll wait for the levels of 1880 and breaking that 1860-65 before testing the long trade back up to target the 1920-30 price point initially. We feel it will go higher if it comes back up so we’ll look to protect any trades we get good entries on and take partials along the way. We have a KOG target at 1885 which we’re not far from so there’s a chance we may hit that. Scenario 2: They push the price up, we will only be looking for extreme key levels in this scenario to short the market. There is a chance they will want to test at least that 1950-60 level so we’ll wait there to short the market back down. It’s facing difficult and extreme market conditions which are being driven by fear. We’ve maintained we will take it easy and trade this level to level which has worked very well for us this month. What we don’t want to do is get stuck in trades if this decides to move and give any profits back to the market. For that reason we would say please trade this safely, reduce your lots sizes and give yourself time to think about your entry and exit. Always have a risk strategy in place and if you’re not comfortable with it please stay out. Cash is also a position, the markets won’t be like this forever. There is of course the case that this is likely priced in and we don’t see much movement so please also keep that in mind. It all depends on the question and answer session which will be after the release. As always, trade safe. KOG

https://www.tradingview.com/chart/XAUUSD/rAk6jFd4-XAUUSD-KOG-REPORT/ In last weeks KOG Report we suggested we were expecting some bearish movement on Gold as there was a lot of supply below that we thought would need a visit. We did say due to the news we would need to keep the bullish momentum in mind and if the price and if price found support around the 1885 level we would be looking to long the market into the 1914 and above that 1930-35 levels. We expected a reaction at the 1935 level where we wanted to test the short, however, based on the market structure and the daily KOG updates we decided to sit out with shorting the market to let the bullish move play out. We then identified our target area on the NFP report where the first target has been hit, but we still have a target slightly higher that we would like to see achieved. So what can we expect in the week ahead? We’re going to keep it short this week and stick with the NFP chart we shared on Friday. What we’re looking during the course of this week is for our 1980-85 target that we mentioned a few weeks ago to be completed at some point and then for the price to attempt some form of bearish retracement into the first target of 1950, 1935 and below that 1920 initially. A break of 1920 and its likely we will see our lower target of 1885 completed. All charts are extremely bullish with the 3 month chart showing a trend that can complete around the 2085 level which we have to keep in mind. There is a lot of news still driving the market aggressively into these levels which is making if difficult for position traders to hold long term unless they’re using huge stop losses. So we’re going to play the defence again this week and take it level to level with the bias for this week being the short trade! So we’ll trade this with two scenarios: Scenario 1: The price comes down during the early sessions and finds support around the 1960-55 level, we feel this price point would represent a good opportunity to take the long trade into that 1980-85 level and potentially above! At that 1980-85 level we would like to see a reaction on price and based on strong resistance we may test that short we are looking for. Scenario 2: Price opens as it did last week with bullish volume from the get go. We will look for resistance at the 1980-85 level or there abouts and we feel that price point would represent an opportunity to short the market back down into the 1960, 1950 and below that 1930 levels. If we get this right again this week there are a lot of pips to be captured but your lots sizes are really important. Allocate a lot size that allows you to remain flexible with the choppy price action and the volatile swings that the markets are creating. Always have a risk strategy in place and you will make money in these markets. We’ll update you during the week as we usually do. As always, trade safe. KOG