THE KOG REPORT - UPDATE:
End of day update from us here at KOG:
End of day update from us here at KOG:
A suggested this morning 1996 was an important price point for gold to cross in order to go into the order region. Rejection there gave a good entry for the Excalibur target 1 and 2 which are now complete while the slow decline continues.
If we look above we have the same resistance again with support now standing at 1975 and below that 1965, which if attacked may give us a RIP into resistance.
FOMC tomorrow so please take it easy, try not to over commit to the markets and ideally be out of positions before. Pre-Event price action should entail a range, so whether that be down here or the Asia session take it up, we're too low to get stuck in short now.
As always, trade safe.
KOG
End of day update from us here at KOG:
A suggested this morning 1996 was an important price point for gold to cross in order to go into the order region. Rejection there gave a good entry for the Excalibur target 1 and 2 which are now complete while the slow decline continues.
If we look above we have the same resistance again with support now standing at 1975 and below that 1965, which if attacked may give us a RIP into resistance.
FOMC tomorrow so please take it easy, try not to over commit to the markets and ideally be out of positions before. Pre-Event price action should entail a range, so whether that be down here or the Asia session take it up, we're too low to get stuck in short now.
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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