THE KOG REPORT - Update

שלשום

End of day update from us here at KOG:

We wanted to see this attempt that high, luckily it gave us a nice entry for the long trade from support into the EXC target where we took most of the trade and set to BE. We hit the level we wanted almost exactly, completing the bias level bullish above targets and then getting the ideal short from above to where we are now. Not a bad day at all!

We now have NFP looming and as mentioned earlier we can expect the pre-event price action to either have ranged above, or dropped us into key level support. It's now playing that same region 2650-55 with support below 2640 and resistance above at the 2660 level. That's the range we would imagine they will want to play until they make a move again.

With NFP around the corner, we're going to take it a little easy on Gold now and look for the set up post event.

KOG’s bias for the week:

Bullish above 2630 with targets above 2650✅, 2655✅ and above that 2667✅
Bearish below 2630 with targets below 2624, 2620, 2610 and below that 2604

RED BOXES:

Break above 2640 for 2646✅, 2650✅, 2659✅ and 2670 in extension of the move
Break below 2625 for 2620, 2617, 2610 and 2604 in extension of the move

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As always, trade safe.

KOG