XAUUSD - End of week!

Very disappointing NFP!

So they targeted just below the 1785 KOG target level and then rejected. Ideally we would have wanted more of a stage show from NFP but instead traders got choppy up/down ranging movement. In any case, it gave the entry and is following the long scenario we have mentioned in the NFP Report.

We would suggest you protect any long trades you have from the lower support before market close this evening. We're hoping we can achieve that first target of 1797 before the market closes, if not, we'll look for it on market open. We'll stick with the plan for now and update it on our next post with the week ahead analysis.

See you on Sunday for the KOG Report.

As always, trade safe.

KOG

Kommentera:

1797 achieved we'll take a majority of the trade here