THE KOG REPORT - Update

4 thg 10

End of week update from us here at KOG:

A decent week on Gold have followed the path at the start of the week hitting our short level and completing the move downside into the red box defence. That's where we anticipated the long trade which also worked well hitting the red box resistance which was still active. We completed the bias level targets early week and then took it easy due to NFP. The NFP report was a success, price hit the level we wanted it to test giving the TAP AND BOUNCE and traders got the opportunity to trade it using the red box levels up to where it rejected again.

Now we have support again at the 2640 region with the resistance level 2665 which could be the play for the remainder of the session unless one of the levels is broken. Break below 2640, please don't long, we will see this close low!

Either way, we should be done with the markets now and prepare ourselves for next week and another turbulent ride!

As always, trade safe.

KOG