End of day update from us here at KOG:
BOOM!
A decent day on gold moving as we anticipated giving us the bounce along the way from the first order region into the bias level we wanted to short from. Traders who captured that short managed to compete not only the Excalibur targets but also the bias target levels for the day and the week!
We're now at the KOG red box support level and below the previous order region so any bounces here need to follow the path into the 2620 and above that 2630 region. That 2630 level is the one to watch, rejection there and we can see lower!
As always, trade safe.
KOG