End of day update from us here at KOG:
A decent day on the markets today with Gold moving into the region we wanted and giving the short trade. We can then see the red box defence holding price up giving us the bounce up into the 2630 and 2635 target levels we wanted, which are complete.
This now leaves us with a slight concern, that 2635 region is holding us down, we still have a target above at 2640!
For that reason, we'll be looking at the path shown on the KOG Report from yesterday, and sticking with the levels we have plotted. The immediate level now is 2620, which if defended on the red boxes can give us a push upside late/early session. For us, that trade is a little risky, so we would rather let them take it up if they want, and we'll look to short it from the order region above.
Otherwise, not bad, a bit choppy and you can see the accumulation after last week's move has started. Volume enters the markets tomorrow, so let's see what they have in store for us.
As always, trade safe.
KOG