THE KOG REPORT

il y a 4 joursTHE KOG REPORT:

In last week’s KOG Report we said we would like to see price attempt an undercut low and then start the incline into the higher levels. We gave KOG’s bias of the week as bullish above 2385 with the targets for the week 2510, 2515 and 2530, which we all completed.

We then continued with the path shown in the updates while Excalibur tracked price taking us up into our final take profit target at 2580. Please have a look at the previous reports to see how the algo has tracked the price from the highs to the lows, lows to highs, no matter where it goes we've traded it and moved with the market. Hats off to the team!

A phenomenal week on Gold as well as the other pairs we trade.

So, what can we expect in the week ahead?

We have FOMC this week so shall await more choppy price action as well as the potential per-event range that may form from Tuesday onwards. We’re a little high to long at the moment which is what most traders will be thinking but sentiment is strong now so there is a chance they open and stretch this a little higher. For that reason, we will be waiting to see how last week’s high and the levels of 2580-83 react to the price if attacked in the early session. If rejected we feel an opportunity toto short is available into the lower levels of 2565 and below that 2555.

Many traders will now be looking for the 2600 level so please be careful as breaking above the 2585 level will make it a lot easier to be achieved during the early part of the week. Ideally, we want the pullback into the lower support regions and then want to assess the price action before attempting to go long and take this above 2600.

Due to FOMC this week this report will be provisional as we’ll update the idea specifically for FOMC before the release.

KOG’s bias for the week:

Bullish above 2550 with targets above 2600 and above that 2610
Bearish on break of 2550 with target below 2535

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As always, trade safe.

KOG

il y a 12 heures

Transaction en cours

We've already hit the 2600 target and then bounced the 2550 bias level. Let's see if this goes for 2610! Support stands at 2570