XAUUSD - KOG REPORT UPDATE:
End of day update from us here at KOG:
We got the move to the upside and identified a small order region up here which we were monitoring for another short. The target region gave a capture for a long trade as well as nice short trade which partials have been taken on and the stop to entry. What we want to see now is how this closes today as we have CPI tomorrow and potentially the market is now going to wait for the release. For that reason we have slightly modified the plan to incorporate the higher liquidity and the lower pool. Plan remains the same, we'll either go long from the lower support up into the higher resistance levels or we'll short it again from above if this one closes at break even.
If you're new to trading or less experienced, come back to the markets on Friday, you'll get a decent entry once they're moved the market.
From Camelot this morning:
XAUUSD 09/11/22 1H
Support: 1697 / 1690 / / 1684 / 1675 / 1665 / 1660 / 1654
Resistance: 1706 / 1710 / 1721 / 1724 / 1730 / 1735
KOGs Bias for the day:
Bullish above 1690 with targets above 1715 and above that 1730
Bearish on break and close of 1685, with targets below 1665 and below that 1660
We got the move to the upside and identified a small order region up here which we were monitoring for another short. The target region gave a capture for a long trade as well as nice short trade which partials have been taken on and the stop to entry. What we want to see now is how this closes today as we have CPI tomorrow and potentially the market is now going to wait for the release. For that reason we have slightly modified the plan to incorporate the higher liquidity and the lower pool. Plan remains the same, we'll either go long from the lower support up into the higher resistance levels or we'll short it again from above if this one closes at break even.
If you're new to trading or less experienced, come back to the markets on Friday, you'll get a decent entry once they're moved the market.
From Camelot this morning:
XAUUSD 09/11/22 1H
Support: 1697 / 1690 / / 1684 / 1675 / 1665 / 1660 / 1654
Resistance: 1706 / 1710 / 1721 / 1724 / 1730 / 1735
KOGs Bias for the day:
Bullish above 1690 with targets above 1715 and above that 1730
Bearish on break and close of 1685, with targets below 1665 and below that 1660
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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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