THE KOG REPORT - Update

4 hari lalu

End of day update from us here at KOG:

Not too bad a day on the markets with gold giving us the level we wanted for the short into the red box support where we suggested traders protect and manage their trades. We then got the bounce we wanted but only achieving 50-90pips before the trade closed at BE.

We're now seeing price approach the lower Red box support which is active, 2650-55 was also a previous order region so a RIP here could be on the cards. Immediate resistance stands at the 2665 level while CPi approaches tomorrow. Expect there to be some ranging and choppy price action during the Asian session.

KOG’s Bias for the week:

Bullish above 2650 with targets above 2700, 2706 and above that 2716
Bearish on break of 2650 with targets below 2640 and below that 2635

RED BOXES:

Break above 2690 for 2700, 2703, 2706, 2710 and 2724 in extension of the move
Break below 2680 for 2667✅, 2665✅, 2655✅ and 2640 in extension of the move

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As always, trade safe.

KOG

3 hari lalu

Dagangan ditutup: sasaran tercapai

Target region here is complete