XAUUSD - KOG REPORT UPDATE:

In last week’s KOG Report we said we were still expecting the correction in Gold and for that reason we would be going long level to level with caution and play with the intention of catching that short trade into the lower 1900’s. We gave the key levels of 1930-35 which is where we got out first opportunity to short the market into the lower 1900’s before a reaction in price and the correction to the upside. We than released the FOMC KOG Report and said we would only be trading the extreme levels for the event, either the long from below or the short from above. We illustrated the level above where we would be looking to short the market and what we were expecting.

Can’t say anymore than that really, the whole week, the whole markets worked extremely well based on the analysis given, not only the early short but the long and then the short again from the key level where we say the RIP we wanted causing the huge correction we were expecting in Gold a couple of weeks ago where we wanted that 1860-65 level.

We cleared numerous targets on Gold with Excalibur giving us a master class on Fridays’ NFP completing another 10 targets on other pairs traded. A huge well done to those who followed and those who capitalised on the analysis, not only the targets.

As always, trade safe.

KOG

Comment:

Level held well so far, we're in from the low, stop to entry. Let's see how far up they want to take it