FX:XAUUSD   Gold Spot / U.S. Dollar
End of day update from us here at KOG:

Relatively slow day on gold but it didn't disappoint. We wanted the move downside into the order region and for price to give us a reaction there. Although delayed, we've got a bounce from 2025 up to where we are now. We still have the hurdle of 2035 to cross, which needs to give us more confidence in the move to the higher levels we wanted. For that reason, if you're long try to take partials and protect the trade.

Support stands at 2030 with resistance 2035 which could be the range for the remainder of the session. For now, we'll stick with the plan!

As always, trade safe.


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