THE KOG REPORT - Update
End of day update from us here at KOG:
Another aggressive day on the Gold with price giving the retracement traders wanted but not before the stretch! Yesterday we gave the circled regions and suggesting watching them for reactions in price. The first level 2650-55 held with a limited upside giving the move downside. We had also switched our bias today with the target levels 2750 and below that 2744.
We left the path on the chart as we were expecting this move from Sundays KOG report bar the stretch. So now we have support 2710 with the immediate resistance level being 2736 and above that 2730-35. If we can get the close that we want we will look to complete the path but that is depending on the 2730 level holding the price down.
For now, the bias targets are complete for the day, not many caught the whole move but we hope some took note of the reaction levels and KOG's bias of the day.
As always, trade safe.
KOG
Another aggressive day on the Gold with price giving the retracement traders wanted but not before the stretch! Yesterday we gave the circled regions and suggesting watching them for reactions in price. The first level 2650-55 held with a limited upside giving the move downside. We had also switched our bias today with the target levels 2750 and below that 2744.
We left the path on the chart as we were expecting this move from Sundays KOG report bar the stretch. So now we have support 2710 with the immediate resistance level being 2736 and above that 2730-35. If we can get the close that we want we will look to complete the path but that is depending on the 2730 level holding the price down.
For now, the bias targets are complete for the day, not many caught the whole move but we hope some took note of the reaction levels and KOG's bias of the day.
As always, trade safe.
KOG
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🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 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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