XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

We're at crucial support now on Gold with immediate resistance being the 1998-200 level and above that 2010-12. We've got the short into the lower levels and those who wanted would have got the long from the bounce from support which is now running over 100pips. We would suggest protecting these long trades and to monitor the resistance levels above. Resistance at those levels and we should see some more bearish pressure on Gold so please trade carefully.