THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Well, that couldn't have gone any better today on Gold. We got the move into support we wanted to the pip, then the completion of the move up, to the pip, then the move down, to the pip! Currently the short is going well, protected and managed with support approaching here on the 4H chart at the 2997-3000 level. Unless broken, there may be an opportunity to scalp long, but is it worth it after the move we've already had!?
Support below 2995-7 needs to hold while resistance on the flip now 3010!
KOG’s bias for the week:
Bearish below 3040 with targets below 3010✅, 3006✅, 2997, 2985 and below that 2978
Bullish on break of 3040 with targets above 3050, 3055, 3063 and above that 3067
RED BOXES:
Break above 3037 for 3040, 3047, 3050, 3055, 3063 and 3066 in extension of the move
Break below 3010 for 3006✅, 3000, 2997, 2990 and 2985 in extension of the move
As always, trade safe.
KOG
