THE KOG REPORT: Update

End of day update from us here at KOG:

For now we have plotted the order regions on the chart and would say it's likely we're now going to see price range, while the MA's start drawing closer together pending a breakout. For that reason, we have shown the levels above as potential RIP points, if broken above we have a higher level at the top of the range sitting at 2385 and above that 2395.

We have one good short on Gold today earlier with the bias level then holding giving another opportunity. What we didn't want to see was price then retrace back to it's impulse move. We'll stick with the plan on the KOG Report at the moment, knowing that there is a chance we can break higher, in which case we've shared our levels with all of you.

Ideally, here you want to see it range, wait for the break out, and then attempt the trade. At the moment, there is no trade here, unless we get a late session move.

Support 2330, resistance 2350-55.

As always, trade safe,

KOG