XAUUSD - KOG REPORT! (Daily)

Quick update on the daily chart.

As you can with this chart we're in a potential trend to the downside, however, it has formed a reversal pattern with support formed at the 1830-35 level. As we suggested in the previous reports, this level of support is really important for Gold, it needs to break to the downside with a powerful close for this to go and tap into that 1780-90 region where there will be a lot of buyers sitting waiting.

Range for this chart is 1830-1865. Trend is down, however, reversal in play with support just below.

As always, trade safe.

KOG