THE KOG REPORT - Update
End of day update from us here at KOG:
We were expecting it to be a quiet day, but in true unconventional market fashion we actually had a blinding day on the markets, especially gold. Early session we saw the break above which confirmed the long trade, Excalibur activated, the red box strategy agreed, and we got not 1 but 2 fantastic long trades on gold. To top it off, tap and bounce on the nose from the reaction point highlighted on the chart giving a move down, but only into support.
So, what now?
We would like to see this support level below hold around 2320-15 region, and if so, would like to see this attempt that 2335-40 region before we decide whether the set up is right for the short trade.
Resistance now stand at 2330-35 which will need to break to go higher. Otherwise, we'll look for the setup tomorrow and wait for Excalibur to confirm.
As always, trade safe.
KOG
We were expecting it to be a quiet day, but in true unconventional market fashion we actually had a blinding day on the markets, especially gold. Early session we saw the break above which confirmed the long trade, Excalibur activated, the red box strategy agreed, and we got not 1 but 2 fantastic long trades on gold. To top it off, tap and bounce on the nose from the reaction point highlighted on the chart giving a move down, but only into support.
So, what now?
We would like to see this support level below hold around 2320-15 region, and if so, would like to see this attempt that 2335-40 region before we decide whether the set up is right for the short trade.
Resistance now stand at 2330-35 which will need to break to go higher. Otherwise, we'll look for the setup tomorrow and wait for Excalibur to confirm.
As always, trade safe.
KOG
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🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
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