THE KOG REPORT - Update:

A great week so far on Gold, even though we're in the festive period.

We've now completed the bias target level 2070 that we had mentioned in the KOG Report. Ideally a deeper pullback in to the order region would have been nice, but intraday targets and the daily bias have worked well taking us up to where we are now.

We're a bit high up now in the move to start going long from immediate support levels unless we're scalping, so we'll be looking upside now in the order region 2080-90 for a potential reaction in price with a deeper pullback into the 2050-60 area anticipated. It's going to be a very interesting end to the week and year, so stay tuned.

From Camelot this morning:


Support: 2065 / 2055 / 2050 / 2044 / 2040 / 2037

Resistance: 2069 / 2070 / 2075 / 2079 / 2082 / 2085 / 2090

Price: 2068

KOG’s Bias for the day:

Bullish above 2050 with targets above 2090

Bearish on break of 2050 with target below 2040

As always, trade safe.

KOG