THE KOG REPORT - Update
End of day update from us here at KOG:
All targets upside complete before the reversal! Not a bad week at all.
Gold playing nicely, using the levels well and enabling us to trade it down into the lower red box levels, then up again only to then capture the short into the circled region shared with everyone yesterday.
Now we have support below at the 2710 and resistance 2715 which is where we're seeing the small accumulation. We would rather wait here to see where it breaks, even though we have indications, it's late session and best practice is to let the weekly candle close before taking the next steps.
We'll be back on Sunday with the KOG Report and our view for the week ahead. Until then, wishing all our followers a great weekend.
KOG’s Bias for the week:
Bullish above 2650 with targets above 2700✅, 2706✅ and above that 2716✅
Bearish on break of 2650 with targets below 2640 and below that 2635
RED BOXES:
Break above 2690 for 2700✅, 2703✅, 2706✅, 2710✅ and 2724✅ in extension of the move
Break below 2680 for 2667, 2665, 2655 and 2640 in extension of the move
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
All targets upside complete before the reversal! Not a bad week at all.
Gold playing nicely, using the levels well and enabling us to trade it down into the lower red box levels, then up again only to then capture the short into the circled region shared with everyone yesterday.
Now we have support below at the 2710 and resistance 2715 which is where we're seeing the small accumulation. We would rather wait here to see where it breaks, even though we have indications, it's late session and best practice is to let the weekly candle close before taking the next steps.
We'll be back on Sunday with the KOG Report and our view for the week ahead. Until then, wishing all our followers a great weekend.
KOG’s Bias for the week:
Bullish above 2650 with targets above 2700✅, 2706✅ and above that 2716✅
Bearish on break of 2650 with targets below 2640 and below that 2635
RED BOXES:
Break above 2690 for 2700✅, 2703✅, 2706✅, 2710✅ and 2724✅ in extension of the move
Break below 2680 for 2667, 2665, 2655 and 2640 in extension of the move
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: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
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