XAUUSD - KOG REPORT UPDATE:

Quick end of day update from us here at KOG.

All we can say is WOW! GOLD....What a move.

We wanted that undercut low which we suggested in the KOG report, instead we got the support to resistance move and then the chop in the range. For that reason we suggested to take partial profits on any longs and protect the trade as we had identified the move was coming before FOMC next week. We waited lower for a complete point to point level to level move into the higher Excalibur targets giving over 300pips on the move.

So what's next for the remainder of the session?

This has some volume in it and we have a higher target as illustrated on the chart and published on Sunday. Look out for it!!

As always, trade safe.

KOG