THE KOG REPORT - Update
Updated
End of day update from us here at KOG:
What a day, what a week! Yesterday we said we would be looking for price to come down into the lower support region, that should have been enough for traders as we had high volume news day. We identified a potential move upside pre-NY and in this mornings review suggested a tap into the extension level 2360, which if rejected could give us a late session selloff!
Our hot spots worked a treat, giving a pip to pip, level to level move, price going up into our level and rejecting, before them coming down hitting target.
So, what now?
It's late session and we have support below 2320 and below that the hurdle 2314. These levels needs to be broken to take us below that 2300 level on the close, which may not happen today. Upside we have the resistance level 2335-40 which will need another blast of volume to break, and needs to be monitored. No more trading for the rest of the week for us, so we'll leave you with the circles on the chart together with the levels to monitor, if you're going to risk it.
Wishing you all a great weekend ahead, and we'll see you on Sunday for the KOG Report and our view for the week ahead.
As always, trade safe.
KOG
What a day, what a week! Yesterday we said we would be looking for price to come down into the lower support region, that should have been enough for traders as we had high volume news day. We identified a potential move upside pre-NY and in this mornings review suggested a tap into the extension level 2360, which if rejected could give us a late session selloff!
Our hot spots worked a treat, giving a pip to pip, level to level move, price going up into our level and rejecting, before them coming down hitting target.
So, what now?
It's late session and we have support below 2320 and below that the hurdle 2314. These levels needs to be broken to take us below that 2300 level on the close, which may not happen today. Upside we have the resistance level 2335-40 which will need another blast of volume to break, and needs to be monitored. No more trading for the rest of the week for us, so we'll leave you with the circles on the chart together with the levels to monitor, if you're going to risk it.
Wishing you all a great weekend ahead, and we'll see you on Sunday for the KOG Report and our view for the week ahead.
As always, trade safe.
KOG
Trade closed: target reached
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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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