XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

This morning we were expecting the order region to bounce and were looking for the price to target that 60-63 area in Camelot. For that reason we suggested taking a majority of the shorts off the table at the support region which we posted above for all of the free members as well. Looking back now, that was a great exit on the shorts and a great opportunity for the long trade if you held above the 63 level and above.

You'll notice we've left the higher region on the chart for a potential reaction in price, which on any other day we would be looking to take. However, tomorrow is NFP and the market can throw a huge curve ball into the mix. For that reason, unless we get a confirmed reversal from that region, we will probably sit out.

Support now turns to 70-75 region with NFP tomorrow which is likely going to cause more choppy and whipsawing price action.

read carefully or don't step in at all, markets are very aggressive so your risk model and lot sizes are really important.

As always, trade safe.

KOG