THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Interesting open for the week, not just on gold but across the markets! Our plan yesterday in the KOG Report was to look for that lower support level to hold and then not only to target Excalibur which confirmed the move, but also the red box and bias level targets. This worked well and yet again, within a day, we've completed the week's targets upside!
We couldn't short from the first red box as it was broken. Now we have the red box above which is holding and giving a slight move downside and with the indicators flashing red, we'll stick with the move so far initially looking for 3390-85. We're not discounting a retest of the level, but as long as it holds, we'll go with it.
KOG’s Bias for the week:
Bullish above 3340 with targets above 3355✅, 3361✅, 3368✅, 3372✅ and above that 3385✅
Bearish below 3340 with targets below 3335, 3330, 3322, 3316, 3310 and below that 3304
RED BOX TARGETS:
Break above 3350 for 3355✅, 3361✅, 3367✅, 3375✅ and 3390✅ in extension of the move
Break below 3340 for 3335, 3330, 3320, 3310 and 3306 in extension of the move
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As always, trade safe.
KOG
