KnightsofGold

THE KOG REPORT - Update (perfect timing to switch short)

FX:XAUUSD   Gold Spot / U.S. Dollar
End of day update from us here at KOG:

Further to yesterdays KOG Report, no longs as planned. Before open last night, we identified a move to the downside, price didn't give the pinpoint entry we wanted but moved nicely into the levels we wanted giving us the break of 2370-75 as planned on the report, bias levels hit and complete for now!

So, what now?

We're only now looking for two moves, ideally the move and continuation to the downside into that 2305-10 region, where if we see a good set up and clean reversal we would want to test the long trades back up towards the 2350-55 region initially.

On the flip, 2303-35 previous order region, if held as support with extension into 2327, look for a tap and bounce and take your scalp. Either way, late session, we'd like to see what the Asian session has in store for us.

As always, trade safe.

KOG
Comment:
Nice move down into order giving the short. We got the confirmed move and break to the upside, taken long into the key level, protected and partials taken. Leaving runners
Comment:
Target 2 hit for us, trade complete, runner running

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