XAUUSD - KOG REPORT! (Daily)

KOG Report Con't

Daily chart update using the same chart we have been publishing recently. As you can see support held at the level below and we saw the bounce that we were expecting from the short term lows. We are now approaching the key area where we would suggest caution, there is likely to be a reaction in price here unless we break straight through it! A 1800 test seems like its very probable on this chart so any shorts should be with calculated risk, lower support stands at the 1745-50 level and as long as we're above there price is bullish with higher price points achievable.

As always, trade safe.

KOG