THE KOG REPORT - Update

End of week update from us here at KOG:

I can honestly say it's been a difficult week for traders, the price action hasn't been great and it's been extremely choppy. We have however managed to navigate our way up and down with Gold tracking and trading it with Excalibur and the Red boxes. We've ended early session with the attack on that 2702-5 region where we wanted to see a reaction in price, but didn't get it.

To end the week we can plot the potential trend and the red box defence line which line up pretty well. Resistance is there at 2722-5 which unless broken should give some retracement. It's end of week and late session, best policy here is to wait for the daily and weekly close.

As always, trade safe.

KOG