XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

In Sundays KOG Report we said we would be expecting to adapt and modify our plans due to the market conditions we were anticipating. As you can see from the chart and illustrations, the levels have worked well, however, we've had to enter earlier for the long trade and use the daily bias for the short trade together with Excalibur. This week we managed to capture the long up into the 65-67 level before then looking for the price to support at 50-55 and then attempting a long again into the region 67-75 which we completed today. We gave the daily bias as bearish below 1975 with the first target at 1945 which again was completed today.

We're now going to be waiting for the price to attempt to target that order region on the flip at 50-55 and see what sort of reaction we get there before looking for a trade. We're expecting more of this whipsaw and choppy price action throughout the rest of the week, so please trade this carefully, or not at all!

As always, trade safe.

KOG