THE KOG REPORT - Update

End of day update from us here at KOG:

What a ride! Another decent day on gold with us completing the bias level targets shared with everyone as well as our Excalibur target in Camelot. We suggested earlier we would be looking for that higher level for a RIP and then a potential short, however, after the the move presented itself, the long was the better option into the target level, with caution on the short.

So, now we have a short term resistance level as shown on yesterday and todays chart, we would say break below and we can begin some form of pullback into the lower support levels before we then prepare for Powell tomorrow and NFP on Friday. The high was just missed, so lets keep a close eye on resistance levels for reactions.

2120 key level support, while 2140 is holding as resistance.

Range 2150 - 2120

As always, trade safe.

KOG

Transaction en cours:

Close to higher target. Support held well for the move