End of day update from us here at KOG:
A nice start to the week with price dipping into our Red box support region, giving the bounce for the long into the Red box resistance as highlighted, and then giving the perfect short into the lower levels where we stopped just short of the region we wanted. Either way, a nice double trade for our team on Gold.
Now we have support below 2630 and resistance above 2645 which if held could give the opportunity for the pullback into the lower level. It's that 2635 region that needs to be watched, holding there can give us a further push up. Expect more choppy and whipsawing price action!
As always, trade safe.
KOG