XAUUSD - KOG REPORT UPDATE:
End of day update from us here at KOG:
As per the chart and analysis shared in the KOG Report, we got the move into the resistance level 1806-10 where we got the reaction we wanted to then come down. Our algo then went wild flashing higher on both Gold and Silver, that together with the 1830-35 target level we had told us the support levels may be limited to immediate rather than key. As you can see, price pushed up into that 1830-35 level where we suggested there will be a reaction in price, and so far a completed TAP AND BOUNCE currently travelling downside.
We would suggest and shorts be protected and partials taken but not closed. Leave a runner, there is a gap below that will need filling at some point but that 1810 support level needs to break. Support there and a retest is on the cards but for now, we remain short again.
As always, trade safe.
KOG
As per the chart and analysis shared in the KOG Report, we got the move into the resistance level 1806-10 where we got the reaction we wanted to then come down. Our algo then went wild flashing higher on both Gold and Silver, that together with the 1830-35 target level we had told us the support levels may be limited to immediate rather than key. As you can see, price pushed up into that 1830-35 level where we suggested there will be a reaction in price, and so far a completed TAP AND BOUNCE currently travelling downside.
We would suggest and shorts be protected and partials taken but not closed. Leave a runner, there is a gap below that will need filling at some point but that 1810 support level needs to break. Support there and a retest is on the cards but for now, we remain short again.
As always, trade safe.
KOG
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🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
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