THE KOG REPORT - UpdateEnd of day update from us here at KOG:
As we suggested yesterday, we were too high to buy and said we'd be looking for the price to pull back into the 2807-10 region before then resuming the move upside to test the all time high and complete our bullish target levels. This worked well for us and we continued to carry the trades upside into the Excalibur targets.
So, now we have potential for even more gains on Gold but again, we're too high to think about buying. We would like to see this attempt the high which is circled, if rejected we feel an opportunity to short into the order region is available.
Keep an eye on the 2830 level!
KOG’s Bias for the week:
Bearish below 2810 with targets below 2795✅, 2775✅ and below that 2755.
Bullish on break of 2810 with targets above 2820✅, 2824✅, 2828✅ and above that 2835✅
RED BOXES:
Break of 2810 for 2815✅, 2818✅, 2828✅, 2830✅ and 2834✅ in extension of the move
Break of 2790 for 2785✅, 2877✅, 2765 and 2755 in extension of the move
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As always, trade safe.
KOG
