THE KOG REPORT - UpdateEnd of week update from us here at KOG:
A frustrating and ranging week on Gold however, the bias level and targets worked well as well as the hot spots we've shared with the wider community. Yesterday we suggested price playing the two circled regions, which it has. Today we published the KOG REPORT NFP, which gave us a bounce from the level we wanted but the move into the higher levels just wasn't to happen.
Overall, the pip capture has been fantastic, we've stayed with the range and the red box indicators have worked wonders.
To close, we have support below 2885 and resistance above 2910 which will need to break to go higher. We're too late into the session now to get involved in the markets so we'll take this opportunity to wish you all a great weekend ahead, and we'll see you on Sunday for the KOG Report and our view for the week.
KOG’s bias for the week:
Bullish above 2847 with targets above 2865✅, 2871✅, 2876✅, 2880✅ and above that 2904✅
Bearish below 2847 with targets below 2840, 2835, 2830 and below that 2810
RED BOXES:
Break above 2860 for 2865✅, 2872✅, 2874✅, 2885✅ and 2900✅ in extension of the move
Break below 2847 for 2840, 2836, 2831, 2823 and 2810 in extension of the move
As always, trade safe.
KOG
