THE KOG REPORT - Update
Updated
End of day update from us here at KOG:
We wanted 2530 and managed 2529 early session then suggested traders look for the 2513 level for short trades. We had a bias level 2507 and with a slight extension managed to capture something from the bounce. Not a bad day but very choppy!
Now we would like to see how this resistance levels holds the price, if it does we can expect a pullback into the 2510 region which is the level that needs to be monitored. We will say, unless you're already long from below, don't risk it here as we're still in the range and there is a reversal in play. If they break below that 2510 level we'll see this take out all the BE traders before then attempting that high again.
We'll stick with the bias level and the target for now based on support holding.
As always, trade safe.
KOG
We wanted 2530 and managed 2529 early session then suggested traders look for the 2513 level for short trades. We had a bias level 2507 and with a slight extension managed to capture something from the bounce. Not a bad day but very choppy!
Now we would like to see how this resistance levels holds the price, if it does we can expect a pullback into the 2510 region which is the level that needs to be monitored. We will say, unless you're already long from below, don't risk it here as we're still in the range and there is a reversal in play. If they break below that 2510 level we'll see this take out all the BE traders before then attempting that high again.
We'll stick with the bias level and the target for now based on support holding.
As always, trade safe.
KOG
Trade active
We got the bounce we wanted from the lower level giving a nice trade early session. We need to play caution now due to news in an hour, trades should be protected Trade closed: target reached
BOOM!
Perfect entry, trade reached target nicely.
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🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
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