THE KOG REPORT - Update
End of day update from us here at KOG:
Price moved well again within our path giving another level to level trade coupled with the red box strategy which allowed traders to intra-day scalp as well. We managed to complete two of our weekly bias targets 2510 and 2515 with 2530 remaining.
We would say caution on going long now as we have news tomorrow which is going to drive the markets into extreme levels. Therefore we shall wait for the move back into the lower level 2510-07 and see how price reacts there. Based on a strong support we may consider another long tomorrow after the news which will give us better entries.
For now we've done what we needed to so we'll play defence and re-visit the charts tomorrow.
As always, trade safe.
KOG
Price moved well again within our path giving another level to level trade coupled with the red box strategy which allowed traders to intra-day scalp as well. We managed to complete two of our weekly bias targets 2510 and 2515 with 2530 remaining.
We would say caution on going long now as we have news tomorrow which is going to drive the markets into extreme levels. Therefore we shall wait for the move back into the lower level 2510-07 and see how price reacts there. Based on a strong support we may consider another long tomorrow after the news which will give us better entries.
For now we've done what we needed to so we'll play defence and re-visit the charts tomorrow.
As always, trade safe.
KOG
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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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