THE KOG REPORT - Update

End of day update from us here at KOG:

Extremely decent Monday on Gold today with the resistance levels holding down price giving the short trade downside into support. In the morning review we updated traders and suggested protecting shorts and taking partials while watching the support level, if not broken we would be looking to reverse trade back up into the 2175-80 level again and then look for a RIP. All 3 trades today working out well for us on gold.

So, what now?

We have support here in the range 2172 and resistance 2178 which could be the play for the remainder of the session. Early session, if support holds with slight dip into 2170, above we would say we're looking to take this higher into the levels shown on the chart. Would say take it easy as it's the end of the month, longs also with caution unless from pullbacks. There looks like there is a move on the way that is going to catch traders out.

As always, trade safe.

KOG

Comment:

First target level reached for us. Level to level please team

Trade closed: target reached:

Target hit