XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

As per the chart and analysis shared in the KOG Report, we got the move into the resistance level 1806-10 where we got the reaction we wanted to then come down. Our algo then went wild flashing higher on both Gold and Silver, that together with the 1830-35 target level we had told us the support levels may be limited to immediate rather than key. As you can see, price pushed up into that 1830-35 level where we suggested there will be a reaction in price, and so far a completed TAP AND BOUNCE currently travelling downside.

We would suggest and shorts be protected and partials taken but not closed. Leave a runner, there is a gap below that will need filling at some point but that 1810 support level needs to break. Support there and a retest is on the cards but for now, we remain short again.

As always, trade safe.

KOG