KnightsofGold

XAUUSD - KOG REPORT UPDATE:

FX:XAUUSD   Guld / USA-dollar
End of day update from us here at KOG:

A quiet day on the markets compared to earlier in the week. The accumulation has began pending another breakout so it's a good idea to control your lots sizes in this region! There's support below around the 1810-08 level which needs to break for this to go lower, however, this resistance level seems to be holding strong at the moment so its a caution on longs up here, we'd like to see a deeper pullback or just let it go into the higher level if it wants to, we'll wait there for a reaction in price.

We'll remain with the same chart for now.

As always, trade safe.


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