THE 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.
Please note, this NFP looks like it’s going to slip a lot of traders up, so please be careful if you’re going to trade it, otherwise, like us, stay out of the market and come back to it on Monday where we will find better, cleaner opportunities. We’ve done well in Camelot, we’re not going to risk anything on this NFP, not even a 0.01lot.
So, we have an early session move downside into the support region 2330-35 with extension into the 2325 price point, which if held here could give us bounce up into the order region above 2345-50 which is where ideally we will want to see the price pre-event. We’ve plotted the extreme levels on the chart and the potential move, the extreme support level sitting at 2305-10 which, if they do take the price down into, we feel the RIP upside will come from to at least the 2330 price point.
We would say below the 2355-60 region we’re looking lower, and that price point will need to hold for us to see a continuation of the move. The structure needs to form however!
On the flip, breaking above the 2355 region we could see this attempt the 2400-2405 price point before we even think about shorting it.
It’s one or the other for us, it either comes down into extreme level and we’ll look for a set up after the event, or, it goes up into extreme level and we’ll look for a set up. In the middle, we’re not interested in trying to catch the moves today.
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.
Please note, this NFP looks like it’s going to slip a lot of traders up, so please be careful if you’re going to trade it, otherwise, like us, stay out of the market and come back to it on Monday where we will find better, cleaner opportunities. We’ve done well in Camelot, we’re not going to risk anything on this NFP, not even a 0.01lot.
So, we have an early session move downside into the support region 2330-35 with extension into the 2325 price point, which if held here could give us bounce up into the order region above 2345-50 which is where ideally we will want to see the price pre-event. We’ve plotted the extreme levels on the chart and the potential move, the extreme support level sitting at 2305-10 which, if they do take the price down into, we feel the RIP upside will come from to at least the 2330 price point.
We would say below the 2355-60 region we’re looking lower, and that price point will need to hold for us to see a continuation of the move. The structure needs to form however!
On the flip, breaking above the 2355 region we could see this attempt the 2400-2405 price point before we even think about shorting it.
It’s one or the other for us, it either comes down into extreme level and we’ll look for a set up after the event, or, it goes up into extreme level and we’ll look for a set up. In the middle, we’re not interested in trying to catch the moves today.
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
Komen:
Extreme level tap and bounce, scalps only please
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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.
