XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

A nice rejection from the first level we were looking for a reaction in price which has now brought us into initial support 1785. We would suggest anyone who took the short to protect their trades and take partial profits or just exit. We need an aggressive bounce here taking us back up above 1795 for this to go higher, otherwise it looks like it will follow the path illustrated.

As always, trade safe.

KOG