THE KOG REPORT - Update
Updated
End of day update from us here at KOG:
As we mentioned yesterday we were too high to look at going long so the obvious choice here was to chose the level to attempt the short trade for. We gave the levels above and the target regions which have worked well! We've had a retest and fail causing price to attack that support level again. Worked well and as we said, levels are to be tested.
Now we have the lower support region 2450-55 which could be a target region as per the path and where we may see a temporary bounce turning us to the flip, making resistance 2465-70. Below that level we'll look for a deeper pullback if we can get before then attempting to go long again.
For now, upside plan complete, downside chop in progress.
As always, trade safe.
KOG
As we mentioned yesterday we were too high to look at going long so the obvious choice here was to chose the level to attempt the short trade for. We gave the levels above and the target regions which have worked well! We've had a retest and fail causing price to attack that support level again. Worked well and as we said, levels are to be tested.
Now we have the lower support region 2450-55 which could be a target region as per the path and where we may see a temporary bounce turning us to the flip, making resistance 2465-70. Below that level we'll look for a deeper pullback if we can get before then attempting to go long again.
For now, upside plan complete, downside chop in progress.
As always, trade safe.
KOG
Trade closed: target reached
Target level reached and a nice tap and bounce early session giving the long trade. Resistance now 2475, if held, we may see this dip lower
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🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
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