THE KOG REPORT - Update

End of day update from us here at KOG:

Another extreme day of bullishness on Gold with price supporting that 2265 level giving a push up side. Earlier in the day, we were waiting for a slight turn which gave us the short trade into support for a decent capture. The long was identified and level plotted but given to traders as more of an educational post, hitting the target level 2295 which we had given in the KOG Report.

So, what now?

We're again illustrated the levels above, which we would say are worth testing. Levels above 2305, 2310-15 and above that 2330 are on the cards if we stay above the 2265 region. A break below 2265 and we should see the flush bears are expecting, which is looking like it's going to come as a curveball.

Support levels 2270, 2265 key to stay above and continue upside.

Resistance levels 2297, 2305, 2310-15 above in continuation.

Again, we're not longing unless we get a pullback and support below like we did today, otherwise levels above are worth testing with a good risk model in place.

As always, trade safe.

KOG

Kommentera:

We're in, first target level short achieved.