XAUUSD - KOG REPORT UPDATE:

Quick update from the KOG Report which was published on Sunday.

We've now come up to our level as we suggested with both the 1970 and 1975 targets hit. We have a higher target slightly above but we're not targeting it just yet! We can see price is currently attempting to breach the 1975 level which is now support and immediate resistance stands at 1977 and 1981. These levels need to break to the upside and hold for us to see the 1990-95 price points.

Our plan here is not to go long, we would rather wait lower down into the 1950-60 price region to see a reaction before we attempt any long trades, as long as the price stays below the 2000 level we will remain short. We're not worried about missing any long opportunities into the 2000 level if it wants to go there, we will wait for a breach of either level before we change our plan. So far, so good, we're going according to plan.

Any shorts are smaller lots as we're testing the levels, retests and swings are likely in the coming sessions as there is a lot of news later today.

As always, trade safe.

KOG