THE KOG REPORT - Update

End of day update form us here at KOG:

Quiet day today on Gold while it only allowed us to scalp using the levels and the daily bias. We wanted the 2395 region but fell just short at 2394, while the support level has continued to hold and give opportunities to long into resistance.

So, what now?

This range looks like it's coming to an end and there is going to be a break out in the coming sessions. Instead of the usual update, today we're highlighting the levels we feel there will be a RIP rather than trading this range which is expiring. So above we have the levels to look for, and below we have the levels to look for.

We're now going to sit tight and wait for price to do what it needs to do. Our concern is the lower regions, however, with a DXY target, AU, EU and GU target active we're now taking the cautious stance coming into the end of the week.

As always, trade safe.

KOG

Comment:

First level for shorts touched, tap and bounce, straight into support giving a nice capture. Trades taken or protected with partials taken.