THE KOG REPORT - Update:

End of week update from us here at KOG:

It’s been a good week on the markets in Camelot with us completing another basket full of trades not only on Gold but the many other pairs we trade.

Following on from the KOG report and the updates given during the week our plans and bias levels have worked well, bar the ranging. Ideally, we wanted the longer capture from the lower levels as shown on the report back up into the target level above, however, we’ve had to go level to level following our red box strategy and the daily bias together with Excalibur.

We’ve managed to track Gold upwards with us completing the weekly target level bullish above at 2068 as mentioned in the KOG Report. In Camelot we had 2070 and suggested traders who wanted to then short the market look for the RIP around the 2065-70 region to capture an end of week short back down into key level support, also working well!

We still have higher targets on Gold but with the long festive weekend ahead we think we will pause here and close out for now and will make a new plan for next week.

Those still in the markets, the order region 2050-55 needs to break with support lower down at 2045-7. Resistance now on the intraday stands at 2060 which will need to break to go higher, otherwise we range and close between the levels for the long weekend.

We would like to take this opportunity to wish all our loyal followers and members a Merry Christmas, and happy weekend.
As always, trade safe.

KOG