THE KOG REPORT - Update

End of day update from us here at KOG:

We got the move down that we wanted from yesterday's report giving traders a decent capture for the short with price then giving us a small tap and bounce. It has however stayed within the range and bounced nicely of our daily bias level giving traders another short opportunity with a level to level trade on the red boxes.

We're now going to play caution on Gold and say please look at the range that has been illustrated on the chart. We're expecting price to play here until NFP on Friday, and due to the pre-event price action, unless scalping, we would suggest you take a step back from the markets and let them do what they want.

Support below stands are 2646 while resistance is now 2655.

As always, trade safe.

KOG