XAUUSD - KOG REPORT UPDATE:
End of day update from KOG:
Another choppy day of price action on Gold still trading but giving traders the opportunity to trade it up and down between the levels. Not much has changed in our view, however, we would say trade this with caution over the next few days. We have FOMC next week and they're going to make sure they make it difficult for traders to identify the immediate direction.
For now, support stands at the 1840 level with resistance at 1852. We'll stick with the plan keeping in mind we still might get that undercut low we were looking for which was mentioned in Sundays KOG Report.
Shorts level to level, the long entry was from support which should be protected and partials taken.
From Camelot this morning:
XAUUSD 09/06/22 1H
Support: 1843 / 1835 / 1831 / 1827 / 1823
Resistance: 1848 / 1852 / 1856 / 1863 / 1867 / 1875 / 1890
KOGs bias for the day:
Bullish above 1835 with targets above 1852, 1864 and above that 1870
Bearish on break and close of 1835 with targets below 1820 and below that 1810
As always, trade safe.
KOG
Another choppy day of price action on Gold still trading but giving traders the opportunity to trade it up and down between the levels. Not much has changed in our view, however, we would say trade this with caution over the next few days. We have FOMC next week and they're going to make sure they make it difficult for traders to identify the immediate direction.
For now, support stands at the 1840 level with resistance at 1852. We'll stick with the plan keeping in mind we still might get that undercut low we were looking for which was mentioned in Sundays KOG Report.
Shorts level to level, the long entry was from support which should be protected and partials taken.
From Camelot this morning:
XAUUSD 09/06/22 1H
Support: 1843 / 1835 / 1831 / 1827 / 1823
Resistance: 1848 / 1852 / 1856 / 1863 / 1867 / 1875 / 1890
KOGs bias for the day:
Bullish above 1835 with targets above 1852, 1864 and above that 1870
Bearish on break and close of 1835 with targets below 1820 and below that 1810
As always, trade safe.
KOG
🔵 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.