THE KOG REPORT - Update:

5 בפבר׳

End of day update from us here at KOG:

Fantastic day on the markets today with a targets completing across many pairs. On Gold, we managed to get the move down into the support region, giving us the temporary bounce as we suggested in the KOG Report. We used the red box strategy to get the pin point exit on the long, for us to then see price hit the lower target region before another tap and bounce.

For now, the path shows what we're looking at for the remainder of the session and the Asia session. Support still holding around the 2010-14 level with resistance 2027 and above that 2030 which will need to break to go higher. We'll stick with the plan so far, but unless we get a good set up, we would prefer the long trade in the coming sessions. A turn at any point can be aggressive, so please trade with caution.

As always, trade safe.

KOG