XAUUSD - KOG REPORT UPDATE:
End of day update from us here at KOG:
Really interesting day on the markets with many targets being completed. On the 3rd of March we added that 1920-25 level onto the chart and suggested above 1830 we would likely see that level attempted with the extension of the move into 1930-35. This is where we said expect a RIP! As you can see that's exactly where we got the reaction in price bringing us down into support here now.
Let's see how we close today on the Daily which is way over stretched! NAS and US30 remain with US30 very close to hitting target, the oil short was the trade of the day with EURJPY still going!!
Gold resistance 1935 with key support now 1910-15. Bullish above bias is still active with a higher target of around 1960 on the break and capture of 1935. If support breaks, please be careful.
We're still concerned about that lower target so lets see how this plays out.
As always, trade safe.
KOG
Really interesting day on the markets with many targets being completed. On the 3rd of March we added that 1920-25 level onto the chart and suggested above 1830 we would likely see that level attempted with the extension of the move into 1930-35. This is where we said expect a RIP! As you can see that's exactly where we got the reaction in price bringing us down into support here now.
Let's see how we close today on the Daily which is way over stretched! NAS and US30 remain with US30 very close to hitting target, the oil short was the trade of the day with EURJPY still going!!
Gold resistance 1935 with key support now 1910-15. Bullish above bias is still active with a higher target of around 1960 on the break and capture of 1935. If support breaks, please be careful.
We're still concerned about that lower target so lets see how this plays out.
As always, trade safe.
KOG
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🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
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