XAUUSD - KOG REPORT UPDATE:

Quick update from us here at KOG following on from the KOG Report.

As you can see we pushed up into the resistance levels we suggested completing our targets of 1985 and 1995 giving over 200pips from the outset on the way up to then find resistance where we initially suggested we would. We did say, if we face resistance at that level we will be looking to short this into the support levels below. Point to point, level to level the KOG way! Now, what we would suggest is that if you're in short you protect the trade and take partials, more opportunities will come but there is a chance of a backtest of supply at some point so trade cautiously.

The immediate support level stands around here 1977 with resistance sitting at 1985. We could close within in this range ready for another move on Gold!

We're on holiday today hence we didn't provide the levels and review. Back to normal from tomorrow.

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As always, trade safe.

KOG