XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

It's been a frustrating market to trade due to the range but the levels are working well together with the targets. To late in the session and too close to FOMC to consider anything apart from scalping this level to level. We managed to pin point the CPI move giving a fantastic capture and have hit the the Excalibur target below now. Will stick with the bias for now as well as the levels on the chart looking for a potential bounce from any of these levels but no relying on it going too far upside before attempting to potentially break this lower level. Range low at the moment, too low to short, we'll look higher. Support 1938-35 give or take with immediate resistance now 1955 order region which needs to break.

As always, trade safe.

KOG