Quick update on the daily chart.
As you can with this chart we're in a potential trend to the downside, however, it has formed a reversal pattern with support formed at the 1830-35 level. As we suggested in the previous reports, this level of support is really important for Gold, it needs to break to the downside with a powerful close for this to go and tap into that 1780-90 region where there will be a lot of buyers sitting waiting.
Range for this chart is 1830-1865. Trend is down, however, reversal in play with support just below.
As always, trade safe.
KOG
As you can with this chart we're in a potential trend to the downside, however, it has formed a reversal pattern with support formed at the 1830-35 level. As we suggested in the previous reports, this level of support is really important for Gold, it needs to break to the downside with a powerful close for this to go and tap into that 1780-90 region where there will be a lot of buyers sitting waiting.
Range for this chart is 1830-1865. Trend is down, however, reversal in play with support just below.
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.
