THE KOG REPORT

há 5 dias

THE KOG REPORT:

In last week's KOG Report we said we would look for two levels from the open to be attempted where we wanted to short the market. The first level of 2630-5 worked extremely well for us giving us a level to level, point to point short into the red box region and target level we had shared. This move completed a majority of our bearish targets apart from one, also giving us the opportunity to then long back up into the Excalibur targets we had above.

During the later part of the week we shared the updated chart and gave the levels again to attempt the short, and again, a pinpoint short came from the level we wanted and we closed the week with runners left on those trades.

Another decent week in Camelot, not only on Gold but also the other pairs we trade and analyse giving us a 15 out of 16 targets completed.

So, what can we expect from the week ahead?

To start, we have NFP towards the end of the week, so we’ll use this report for the first half of the week and then release the NFP KOG Report with our view per-event. After the bearish move on Friday, we’ll be looking for a base during the early sessions, potentially deeper into the 2625-30 region before then attempting the long trade back up to target the resistance levels. It’s those resistance levels 2640 and above that again the 2650-55 region that need to be monitored this week for the break, if held, further opportunities may be available to short again unless broken. We’re still in the larger range with key level support 2605 and resistance sitting way up at 2670-75 so it gives us some idea of the play.

If we do break above that 2550 level and hold with a close, we'll look higher again into the range high trading level to level.

KOG’s bias for the week:

Bullish above 2630 with targets above 2650, 2655 and above that 2667
Bearish below 2630 with targets below 2624, 2620, 2610 and below that 2604

RED BOXES:

Break above 2640 for 2646, 2650, 2659 and 2670 in extension of the move
Break below 2625 for 2620, 2617, 2610 and 2604 in extension of the move

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As always, trade safe.

KOG

há 4 dias

Trade ativo

Nice bounce from support, traders should protect and manage. Support 2630 needs to hold while 2635 needs to break

há 4 dias

Trade fechado: objetivo atingido

Nice long into the level we wanted, nice short back down! BOOM!