XAUUSD - KOG REPORT - NFP!

This is our view for NFP today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and these events can cause aggressive swings in price. We’re also approaching the end of the year so markets will likely do the unexpected.

As usual we will look at this with two scenarios in mind. There is more that needs to be completed to the upside than there is to the downside at the moment although we are still bearish on this.

Scenario one:

The price pushes up towards that 1806-10 price level and we see resistance, this region we feel would represent an opportunity to short the market towards the lower levels. Breaking the 1810 price level will invalidate this scenrio.

Scenario two:

The price pushes down, look for first support level 1785 which is also a KOG target, breaking that level the lower support is 1777. These level we feel would represent an opportunity to go long for a quick capture towards the 1797 and above that 1804-6 price points. Breaking the 1775 level will invalidate this scenrio.

Support:
1785/1777/1767/1760/1757

Resistance:
1797/1804/1806/1810-12

As always, trade safe.

KOG