XAUUSD - KOG REPORT UPDATE:

Quick end of day update from us here at KOG:

Gold finally broke out of the immediate range targeting the higher resistance level and now showing signs of a reaction in price. We're above 1750 with support just below around the 1740 and 1735 price points which is likely where we will pullback to in the coming sessions. Above this support zone its going higher so lets stick with the chart as it is and see if we can target the higher prices tomorrow.

The move is shown in more detail on the weekly chart we've published showing the potential target regions for price and where we could get a turn around. At the moment we've activated higher pricing so lets see what tomorrow brings. Please be careful with your trades, its the end of the month and a Friday tomorrow and you can see the markets are lining up for some dramatic. Control your lots sizes and always have a good risk model in place.

We'll be back tomorrow with the morning review and our thoughts for the day.

As always, trade safe.

KOG