THE KOG REPORT - Update:

2 בפבר׳

End of week update from us here at KOG:

So we wanted the extension of the move into the higher levels where we wanted to short the market based on the KOG report and then the FOMC report published. We activated long and short on Gold but then long on DXY giving us clues to the NFP move to come completing not only the short trade on Gold but an immense move on the Dollar completing the targets shared.

We're now at support 2030-27 which is holding and gave us the 40-50pip scalp so far, but want to see how the level reacts if retested. If held, resistance now stands 2041-5 which will need to break to go higher. Potential for the price to close in the range unless there is late session move.

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As always, trade safe.

KOG

As always, trade safe.

KOG