Quick end of day update from us here at KOG:
Gold is now looking like its settled into its pre-event range awaiting the FOMC release which is tomorrow. Unless something moves it before then its likely we will see it moving in-between the support and resistance levels highlighted on the chart. Unless you're scalping the range its best to wait for confirmed break either side. Please note, like they usually do, they will spike it up and down to trigger orders and stops, so try not to get trapped with any false momentum!
We'll be back tomorrow with the FOMC KOG Report and our view of what to expect.
As always, trade safe.
KOG
Gold is now looking like its settled into its pre-event range awaiting the FOMC release which is tomorrow. Unless something moves it before then its likely we will see it moving in-between the support and resistance levels highlighted on the chart. Unless you're scalping the range its best to wait for confirmed break either side. Please note, like they usually do, they will spike it up and down to trigger orders and stops, so try not to get trapped with any false momentum!
We'll be back tomorrow with the FOMC KOG Report and our view of what to expect.
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.
