THE KOG REPORT - Update

End of day update from us here at KOG:

An extremely decent day on Gold with price doing what we wanted in the KOG Report. We tested the low, got the RIP, tested the high, got the RIP and then continued with the move point to point, level to level to completed the path and most of our bearish and bias target levels.

We're now in with runners protected with the immediate resistance level above at the 3220-25 region which will need to hold for price continue with the move downside. Based on a clean rejection, we should continue first into the 3195 level.

KOG’s bias of the week:

Bearish below 3265 with targets below 3220✅, 3210✅. 3197✅, 3190 and below that 3170
Bullish on break of 3265 with targets above 3276, 3280, 3285 and above that 3292

RED BOXES:

Break above 3250 for 3255, 3261, 3269, 3275 and 3290 in extension of the move
Break below 3230 for 3220✅, 3210✅, 3206✅, 3195✅ and 3180 in extension of the move

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As always, trade safe.

KOG