THE KOG REPORT - Update

שלשום

End of day update from us here at KOG:

Decent move so far on Gold with price giving support on the red boxes, pushing up into the first resistance level we mentioned on the KOG Report then allowing the short back down for a clean swoop Monday trade.

Now we have support here and just below at the extension level 2606 which if held should give us the move into the resistance level above which now needs to be monitored for the break. If held, another opportunity to short maybe! Let's see, 2630 again the key level for Xmas Eve.

Bearish below 2660 with targets below 2610 (complete), 2596, 2580 and 2578
Bullish on break of 2660 with targets above 2667 and above that 2670

RED BOXES:

Break of 2625 for 2630, 2635, 2645 and 2660 in extension of the move
Break of 2610 for 2606, 2590, and 2680 in extension of the move

As always, trade safe.

KOG