End of day update from us here at KOG:
A slow ranging day with a lot of choppy price action but the bias level is still in tact with the target not far away. There was a decent entry from the 2660 region which held up price on the red boxes, but unless you're in from lower, we would suggest you sit out now and not go long up here. The resistance levels above can give sudden RIPs and take this all the way back down towards the 2650-55 region again, so we'll say on gold, we will sit and wait.
From Camelot this morning:
Support: 2660 / 2655 / 2652 / 2650 / 2646 / 2640
Resistance: 2670 / 2677 / 2680 / 2685 / 2692
Price: 2664
KOG’s Bias of the day:
Bullish above 2650 with targets above 2677 and above that 2685
Bearish on break of 2650 with target below 2635
RED BOXES:
Break above 2678 for 2685, 2694
Break below 2665 for 2655
As always, trade safe.
KOG