THE KOG REPORT - Update

11 בנוב׳

End of day update from us here at KOG:

What a day on gold! We have to admit defeat here and say although the Election projection is completed the way we wanted, yesterday's report did not however go to plan. We wanted higher pricing to capture this long trade into the bias target levels, but gold only allowed us to trade it level to level on the scalps. We got the short early session into the level we wanted, we then got the long, however, 50-80pips is all it gave us on that long trade.

We have now completed all bearish targets in the space of hours, which is some move here!

We are now in the order region being too low to attempt short trades. For that reason, we will look for this lower support to hold 2603-5, and give the opportunity to at least capture a long trade into the 2630-35 region initially. Breaking that level will take us lower into the 2680-85 region which is where we would like to see the price. So, in summary, if we can retrace a little into the order region hold there and get the short to go lower, it would be ideal. Otherwise, we'll wait lower now to take the long trade.

Levels to watch:

Support - 2602-5 / 2595 / 2591

Resistance - 2620 / 2630 / 2635

As always, trade safe.

KOG

12 בנוב׳

עסקה סגורה: היעד הושג

This worked well with price moving up into resistance and then down into the target level. Would have liked a bit lower to go long but it's all level to level here in this zone