THE KOG REPORT - Update End of day update from us here at KOG:
We can honestly say, even though the KOG Report plan didn't work out as we intended this week, it's been a phenomenal week on gold in Camelot. We've managed to capture the top (AGAIN), then bounced the low, then produced the FOMC KOG Report which gave us another level to level short with a pip perfect bounce for the long.
Early we published the play stating 3370 needs to break to go higher which it didn't giving the move downside that we're seeing now. Support here is below on this move if they manage to break through the 3300 level. No point attempting a long or short here as it's late session so the levels to watch are:
Support 3301 / 3296 and below that 3276
Resistance 3310 and above that 3320 which will need to break
As always, trade safe.
KOG
