THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Although we had a bearish below bias and the targets, we still maintained caution on gold today due to it being at a huge confluence level which is where it's made the undercut low, completed our targets and temporarily bounced.
We now have that red box level below which is open, so we'll play this two ways. We'll either let price come down, if we see the set up we'll attempt the long, otherwise, ideally we want to see this go up into the resistance RIP and then complete the move downside.
Levels to watch - 2886, 2895, 2902, 2910
Red boxes and bias levels today worked well.
Price: 2888
KOGโs Bias of the day:
Bearish below 2920 with targets below 2875โ
and below that 2870โ
Bullish on break of 2920 with targets above 2942, 2945 and above that 2950
RED BOXES:
Break above 2890 for 2900, 2906 and 2918 in extension of the move
Break below 2875 for 2870โ
and 2868โ
in extension of the move
As always, trade safe.
KOG
