XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

We wanted this to go a little lower before the bounce to the upside, however as you can see price reacted aggressively to the news and we went straight up into the KOG Report level we were expecting this week to be completed. It's a difficult market to trade and to be honest we're maintaining the defensive in Camelot so its reduced lots and observation.

Now we would like to see this settle pre-event so expect a range above 1803 and be prepared for FOMC tomorrow.

As always, trade safe.

KOG