KOG Report – NFP
This is our view for NFP today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price.
We’re going to keep this short this time as we don’t really want to get stuck around this price point if there is a move to come during NFP and the US session. We’ve done well this month so far with most of our targets being hit and the move on Gold that was illustrated in our reports now being completed.
For us this is a short region, however, we have NFP so it’s thrown a bit of a spanner in the works. For that reason we have plotted the higher levels on the chart that we feel would represent price regions to short from and the lower levels we feel would represent an opportunity to long from.
The key resistance here is that 1795-1806 level which has been used previously to propel the price in either direction so there is a possibility of a spike into that area before then coming down and then coming back up at some point. A break of this level and you can see the higher levels that we have illustrated, the highest one around 1825-35 is our preferred choice to short if it goes there!
When it comes to the lower levels, we’re looking for the price point of 1775 as a key region which if broken should take us down into that lower level shown where, based on strong support we feel an opportunity to take the long trade back up could be on the cards.
Please note, this chart is for NFP only at the moment, and that’s if the price moves. Lately, we’ve seen most NFP’s and FOMC are priced in and we don’t get much of a chop in the markets.
In summary, we’ve been following the same plan for a few months now and will remain with it. We can see a push to the upside at some point into that 1825-35 price point, so please keep this level in mind!
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
This is our view for NFP today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price.
We’re going to keep this short this time as we don’t really want to get stuck around this price point if there is a move to come during NFP and the US session. We’ve done well this month so far with most of our targets being hit and the move on Gold that was illustrated in our reports now being completed.
For us this is a short region, however, we have NFP so it’s thrown a bit of a spanner in the works. For that reason we have plotted the higher levels on the chart that we feel would represent price regions to short from and the lower levels we feel would represent an opportunity to long from.
The key resistance here is that 1795-1806 level which has been used previously to propel the price in either direction so there is a possibility of a spike into that area before then coming down and then coming back up at some point. A break of this level and you can see the higher levels that we have illustrated, the highest one around 1825-35 is our preferred choice to short if it goes there!
When it comes to the lower levels, we’re looking for the price point of 1775 as a key region which if broken should take us down into that lower level shown where, based on strong support we feel an opportunity to take the long trade back up could be on the cards.
Please note, this chart is for NFP only at the moment, and that’s if the price moves. Lately, we’ve seen most NFP’s and FOMC are priced in and we don’t get much of a chop in the markets.
In summary, we’ve been following the same plan for a few months now and will remain with it. We can see a push to the upside at some point into that 1825-35 price point, so please keep this level in mind!
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
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🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: www.instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
