KOG REPORT – NFP:
This is our view for NFP, 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 these events can cause aggressive swings in price.
For todays report we’re going to use the same levels as the KOG Report published on Sunday but we’re going to use the hourly chart for our projections and illustrations of the potential movement to come. We can see so far this year, although only a few days in, we’re seeing quite a move to the downside on the metals so this NFP entails caution.
We have our key level support here at 2030-35 order region as shown on the KOG Report which has given a temporary bounce. Below that we have 2025-7 which, if we see an extension of the move and is held, we feel will lead the price to target the higher order region 2050-55 and above that 2062-5 where we will then need to assess the price action and potentially look for a short back down to break the 2035 level.
On the flip, if they take the price upside, which we’re thinking will happen, then 2050-55 and above that 2060-62 are possible targets for the longs with extension into the 2075-80 region where we may see a reaction in price.
Going to keep is short this time, we’re too early in the year to even think about long term positions and would rather wait for next week to resume normal business. Please take this report as a guide only.
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, 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 these events can cause aggressive swings in price.
For todays report we’re going to use the same levels as the KOG Report published on Sunday but we’re going to use the hourly chart for our projections and illustrations of the potential movement to come. We can see so far this year, although only a few days in, we’re seeing quite a move to the downside on the metals so this NFP entails caution.
We have our key level support here at 2030-35 order region as shown on the KOG Report which has given a temporary bounce. Below that we have 2025-7 which, if we see an extension of the move and is held, we feel will lead the price to target the higher order region 2050-55 and above that 2062-5 where we will then need to assess the price action and potentially look for a short back down to break the 2035 level.
On the flip, if they take the price upside, which we’re thinking will happen, then 2050-55 and above that 2060-62 are possible targets for the longs with extension into the 2075-80 region where we may see a reaction in price.
Going to keep is short this time, we’re too early in the year to even think about long term positions and would rather wait for next week to resume normal business. Please take this report as a guide only.
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.
As always, trade safe.
KOG