XAUUSD - KOG REPORT UPDATE: Target complete

End of day update from us here at KOG:

This morning we identified the structure and the support level of 1975-80 which gave the entry for the long trade up into the Excalibur targets which were smashed. As per the bias and the KOG Report the move now to the upside is complete, however, we have the extension of the move potentially yet to come. For that reason we will remain with the bias and level to level on the long trades for now at least.

Immediate support now stands at 2003-5 which is now where the bias (bullish above) moves to. First level above the 2030-35 level looks like a reasonable target and above that the 2060-65 as long as the trend is in play.

As always, trade safe.

KOG

Commentaire:

We wanted to short into support and then to wait for support to go long which worked well. Currently running and protected, LiTE is confirming the move so far.