THE KOG REPORT

THE KOG REPORT:

In last week’s KOG Report we said look for the level above to be tested, it was circled, typical KOG Report, price visited that level, dropped like a lead balloon. No more to be said, BANG!

So, what can we expect in the week ahead?

Simple, too low to short it, look for the levels below to hold up price, they’re worth a test. We’ll be looking for a bounce and potential for the 2410, 2420-25 region and above that 2435 as the region we want to assess and look again to short this.

KOG’s bias for the week:

Bearish below 2435 with targets below 2380
Bullish on break of 2435 with target above 2450

Last week of the month, trade carefully.

Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.

As always, trade safe.

KOG