XAUUSD - KOG REPORT! (Monthly)

Monthly Chart:

We’ll have to wait until monthly close to see how this plays out and whether it wants to hit that higher monthly resistance level. At the moment, its at the 3 month resistance level with a pattern in play for further upside, this will only be confirmed on month close. Even then, with these patterns on the long term charts the pullbacks and retracements can be extreme! So watch the levels and use the smaller timeframes to guide. You can see how well the KOG levels work.

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As always, trade safe.

KOG