THE KOG REPORT - Update

16 בדצמ׳

End of day update from us here at KOG:

A quiet but decent day on gold with the first entry level holding and giving the ideal opportunity to long into the Red box and bias target levels we gave in yesterdays KOG Report. We've completed most apart from the 2667 level which still remains.

For that reason we would say support is standing at the 2650 level with extension into 2645 for any spikes, as long as we remain above we should see price attempt the higher red box which is where the path ends.

Thin volume presents itself with the pre-event range looking like it's already started. We would say anyone long from lower needs to be protected and that trade should have been managed. Anyone short, 2650-45 key level here.

2650 complete
2655 complete
2657 complete
2660 complete

As always, trade safe.

KOG