THE KOG REPORT - Update:

End of day update from us here at KOG:

Daily bias worked a treat, both bias levels completed and we're now at resistance on Gold. We are also within that order region which again looks like it's going to flip with support below at the 2025-7 region, which if targeted and held during the Asia session could give another push to the upside into the hotspot.

Please note, we're still in the range, it's just bigger than usual. We're accumulating in a larger space, which entails a bigger move when this breaks out! For now, stick with level to level trading, red boxes are working well.

For now, resistance 2042 could give the RIP with support below 2025-7 which needs to hold to complete the hotspot.

From Camelot this morning:

XAUUSD 06/02/24 1H

Support: 2023 / 2021 / 2016 / 2010 / 2006 / 2002 / 1999

Resistance: 2027 / 2030 / 2035 / 2042 / 2045 / 2050 / 2055

Price: 2025

KOG’s Bias for the day:

Bullish above 2018 with targets above 2030 and above that 2036

Bearish on break of 2018 with target below 2010

As always, trade safe.

KOG