THE KOG REPORT - Update

9 בדצמ׳

End of day update from us here at KOG:

Interesting open on Gold with price attacking the support level we wanted to long, missing by a few pips but the Red boxes giving a decent entry up into the first order region. Once we saw the Red box not being respected and activated long again we continued to long up into that 2670 level we had mentioned in the KOG report.

KOG’s Bias for the week:

Bearish below 2665 with targets below 2620 and below that 2610
Bullish on break of 2665 with targets above 2670 (done) and above that 2685

RED BOXES:

Break above 2639 for 2650 (done), 2660 (done), 2663 (done) and 2670 (done) in extension of the move
Break below 2627 for 2620, 2610 and 2595 in extension of the move

Now we've hit our bias level and support is below at the 2655 region. If held, we could see another test of this high which needs to hold us down in order to go lower. Unless broken above, longs are a bit risky up here unless we get support below. The path shows the potential retest level and support.

As always, trade safe.

KOG

10 בדצמ׳

עסקה סגורה: היעד הושג

Lower target was complete, the bounce gave the long, level to level, point to point move.