THE KOG REPORT - 3 months in the making!A different update this time as it's the end of the month and Gold has made ANOTHER ATH!
3 Months ago, pre-election we projected the move we anticipated, plotting the highs and the lows to target in order to capture the move into the new ATH. The red arrow is the projection from the 31st of Oct, the green arrows are the actual move. Pinned below are the original posts.
During the week, every week we update traders with our thoughts and projections, the KOG REPORT and again on an intra-day level managed to capture opportunities both on the sell side and buy side to capture this move.
We decided a month ago to call it complete however, as there were signs on the chart that gave us that deeper pullback, but, we managed to get back on track and here we are, not far from that target level.
We just wanted to take this opportunity to say thank you to all those who followed us on the reports, the bias level targets, the red box targets and the projections. We can honestly say it didn't go to badly.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Goldsignalsfree
GOLD LONG-TERM FORECAST UPDATEMonthly Chart: Gold is forming an internal high and low, indicating a potential reversal.
Weekly Chart: Inside bar formation, waiting for market sweep. Expecting a bullish move after sweep.
Daily Chart: CRT pattern confirmed, targeting lower levels. Our bullish area remains at $2580-
Stay tuned for further updates!
GOLD (XAUUSD): Intraday Bearish Bias
Gold nicely retested a recently broken key daily horizontal support.
After its test, I see very intraday bearish price action with
a confirmed local Change of Character CHoCH.
The price will most likely drop lower at least to 2585.
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