XAUUSD - KOG REPORT!
Diupdate
26/03/23
KOG Report:
In last week’s KOG Report we said we had higher targets in mind and due to FOMC it wouldn’t be wise to go long pre-event. We identified the order region we were expecting the price to visit with the levels of support plotted on the way down where we were expecting a reaction in price. We said we would be expecting the typical pre-event price action and would be looking for the price to retrace back into the support regions in preparation for the FOMC move.
For FOMC analysis we saw the pattern test that we wanted price to go up to before again another reaction in price from the low which gave us a great capture before we said we were not happy with the 4h setup, so to protect and take partials. This whole move has been calculated and analysed if you look at the KOG Report, the FOMC Report and then add KOG's morning reviews and analysis, and the icing on the cake, Excalibur. A phenomenal pip capture for the week across the markets.
We then started attacking the 2000 price point which was also 4h resistance level. The long we took earlier had given a superb return, before we then posted the chart with the resistance level in play. A fantastic week in Camelot with both Excalibur and LiTE taking centre stage not only on Gold and Silver but also across numerous other pairs we trade.
So, what can we expect in the week ahead?
Due to it being the end of the month and quarter, we’re not going to look for the big moves this week, we’ll look at the levels, add Excalibur and trade the intraday levels so that we can start a fresh new month in April. We have two resistance levels in mind for the week, 1980-85 and above that 2003-8 as potential target levels for the price. These two resistance levels are important as we feel price below will result in the Gold making a correction on the move we’ve seen over the last couple of weeks before any new attempt to test the highs again. This makes the lower support regions of 1950-55 as the first region for the test where bulls may get the opportunity to take this up and upon break of this level the 1930-35 level.
We still have the order region sitting at 1930-35 which was used to propel the price post-FOMC so we will now look at this level as a now trade zone. We feel bears driving it down into this level may not stop here hence will place caution in this zone and will assess the price action if we get there.
KOG’s bias for the week:
Bullish above 1960 with targets above 1980, 1985 and above that 2003
Bearish on break of 1960 with targets below 1955 and below that 1955
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
KOG Report:
In last week’s KOG Report we said we had higher targets in mind and due to FOMC it wouldn’t be wise to go long pre-event. We identified the order region we were expecting the price to visit with the levels of support plotted on the way down where we were expecting a reaction in price. We said we would be expecting the typical pre-event price action and would be looking for the price to retrace back into the support regions in preparation for the FOMC move.
For FOMC analysis we saw the pattern test that we wanted price to go up to before again another reaction in price from the low which gave us a great capture before we said we were not happy with the 4h setup, so to protect and take partials. This whole move has been calculated and analysed if you look at the KOG Report, the FOMC Report and then add KOG's morning reviews and analysis, and the icing on the cake, Excalibur. A phenomenal pip capture for the week across the markets.
We then started attacking the 2000 price point which was also 4h resistance level. The long we took earlier had given a superb return, before we then posted the chart with the resistance level in play. A fantastic week in Camelot with both Excalibur and LiTE taking centre stage not only on Gold and Silver but also across numerous other pairs we trade.
So, what can we expect in the week ahead?
Due to it being the end of the month and quarter, we’re not going to look for the big moves this week, we’ll look at the levels, add Excalibur and trade the intraday levels so that we can start a fresh new month in April. We have two resistance levels in mind for the week, 1980-85 and above that 2003-8 as potential target levels for the price. These two resistance levels are important as we feel price below will result in the Gold making a correction on the move we’ve seen over the last couple of weeks before any new attempt to test the highs again. This makes the lower support regions of 1950-55 as the first region for the test where bulls may get the opportunity to take this up and upon break of this level the 1930-35 level.
We still have the order region sitting at 1930-35 which was used to propel the price post-FOMC so we will now look at this level as a now trade zone. We feel bears driving it down into this level may not stop here hence will place caution in this zone and will assess the price action if we get there.
KOG’s bias for the week:
Bullish above 1960 with targets above 1980, 1985 and above that 2003
Bearish on break of 1960 with targets below 1955 and below that 1955
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
Catatan
Target level reached. Key level support stands as per the order region and resistance 65-70Catatan
The move down has given nearly 500pips into the lower support region 1950-45 where we're seeing a temporary bounce. The levels above were mentioned this morning as resistance are good targets for the longs with 1960 initially, 1965 and above that 1973. Resistance 70-75 is important to hold with the order region in sight 1930-35
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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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