THE KOG REPORT - Update:

End of day update from us here at KOG:

Decent day on the markets, Gold allowing us to scalp the red boxes still playing the range, accumulating orders. This type of price action will usually confuse trades, as all the market wants to do is get as many orders in one region as possible, before making the actual move. For that reason, its a good idea for new traders to sit out and wait for confirmation of the move, rather than get chopped up with the range.

So, for Gold, we're still in 2030-35 resistance and 2020-18 support which was mentioned on the KOG Report, but not expected to last into late session today. We're now awaiting a breakout but we would suggest traders wait. A break of 2035 into 2045 is on the cards as an extension of the move but we need to break and hold above 2050 to go higher. Otherwise, 2035 keeps holding, we're going to follow the plan and look for lower pricing starting with 2015.

Key levels to watch:

Support – 2022 / 2020 / 2018

Resistance – 2035 / 2043 / 2046 / 2050

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As always, trade safe.

KOG