THE KOG REPORT - Update

7 באוק׳ 2024

End of day update from us here at KOG:

A nice start to the week with Gold hitting the Red box defence nearly to the pip and giving the bounce that we wanted upside. We suggested traders protect and take partial profits as that resistance level of 2660 was holding strong. We then witnessed more choppy price action and whipsawing which we didn't really want to get involved in, however, the Red boxes gave traders the opportunity to scalp on the smaller time frames.

We now have a small flip with resistance at the 2650 region, which if held should push us down into the the 2630-35 region in the sessions to come. For that reason, we will say, although we wanted higher to short, we will place caution on longs for now, still expecting that curveball mentioned in the KOG Report yesterday.

Support 2630, resistance 2655 is the play.

As always, trade safe.

KOG

8 באוק׳ 2024

עסקה סגורה: היעד הושג

2630 completed