FX:XAUUSD   Gold Spot / U.S. Dollar
Gold is moving as we suggested in our Daily KOG report. We're now at a point where going long is very risky. We have identified some short term turning points on Gold where we would expect a reversal to come down and test lower support levels.

1797 is the first level we would look for resistance to form and above that 1808-10 where if we do see more bullish momentum we should face some resistance.

We're only looking for shorts now unless the price breaks above the 1830 level and closes. Until then we feel there is a more room for Gold to go lower.

As always, trade safe.

KOG
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🟡 Disclaimer: Not financial advice. For educational purposes only.

Comments

great and perfect analysis.really appreciated.
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KnightsofGold shoaibahmed85
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hi kog... i have been following your well written report for some time now and i would like to ask a question..

base on the report u written.. the price entry to sell gold is 1797 area there, am i right?
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