THE KOG REPORT - Update (End of Week)

17 במאי

End of day and week update from us here at KOG:

What a week!

It's not rare for us to get pin point movement on this instrument but this week has been extraordinary. We managed to get the perfect short trade into the order region, then got the flip for the long and carried on up to where we are now, hitting our targets like no tomorrow and giving us another fantastic week in Camelot, not only on Gold, oh no, also on the numerous other pairs we trade. (Yes, sometimes we want to shout it out haha)

So, what now?

Well, we have resistance above 2410 which will need to break to go higher and support below around the 2395 region, which could be a target level now for bears to attempt to close this below the 2400 level. It's not worth getting into the market now, we have a very rare Powell speech on Sunday while markets are closed, so try to be out of positions and come back fresh on Monday.

We'll be back on Sunday with the KOG Report and our view for the week ahead. Wishing all our members and those that follow a great weekend.

As always, trade safe.

KOG