THE KOG REPORT - UpdateEnd of day update from us here at KOG:
It's been a decent week on gold with us managing to follow this down into the lower levels then carry it up again sticking with the bias levels and the targets of the week, the day and the red boxes. We're now into the last trading hours of the month and week, so best practice would be to wait and see how the long term candles close.
Support below 2801 needs to break to go lower, while resistance is at the red box 2810 giving us the range to watch.
KOG’s bias for the week:
Bullish above 2750 with targets above 2784✅, 2793✅ and above that 2810✅ pre-event
Bearish on break of 2750✅ with target below 2735✅
Red boxes:
Break above 2780✅ for 2793✅, 2795✅, 2806✅ and 2827 in extension of the move
Break below 2770✅ for 2765✅, 2757✅, 2755✅, 2750✅ and 2743✅ in extension of the move
Nearly all targets completed, point to point, level to level.
For now, we're done for the day, the week and the month. Wishing you all a great weekend ahead and we'll see you on Sunday for the KOG Report and our view for the week ahead.
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As always, trade safe.
KOG
