XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

Well, that market opening couldn't have gone any better! We suggested yesterday to look for price to react at those resistance levels, the first one being 1806, this was also the top of the range we had identified at the beginning of Nov, please see link below:


Last night in Camelot we had identified two possible targets for today, both over 300pips apart, one above, one below...And just like that, Gold played into our hands not only completing the higher target but then correcting the move straight into our lower target. We're now approaching the key level support illustrated on the chart, we would suggest any test on support to be smaller to start with, we said in the report Excalibur wasn't confident in that small bull run so lets see how these levels react to price.

For now, if you followed us, any short trades from above a good entries, so make sure to protect and take partials. This week is going to be a roller coaster ride!!

As always, trade safe.

KOG