End of week update from us here at KOG:
Gold has moved point to point for us this week with the bias level being tapped into, the higher targets completed and Excalibur guiding the way completing numerous targets on Gold as well as the other pairs we trade.
We're now attempting the close above 2000 for the week which entails caution on any long trades up here. We have support below 1990 and 1995, which if held should propel us up into the KOG report level we highlighted on Sunday. The reaction in price may come from higher in our opinion but we will have to wait until next week, unless there is a late session move.
For now, targets complete, it's Friday, take it easy on the markets and we'll see you on Sunday for the KOG Report and our views for the week ahead.
As always, trade safe.
KOG