THE KOG REPORT - Update

15 Ağu

End of day update from us here at KOG:

During the week we had given the level we wanted to short from, the level we wanted to target, the level we expected a bounce from and the daily bias for the targets. We shared the red boxes for the community to help with the entries and level to level trading strategy, all have worked well for us thus far. We got the high, we got the low, we got the tap and bounce from the key level.

We're now seeing price attempting the retracement into the resistance level 2460-5 which is where we would say caution to traders. We have drawn the potential range if the level is broken however, resistance here turn this again and complete the move, this time attempting to close the weekly below the 2430 level. For that reason, we will wait for tomorrow and complete the day here having completed numerous targets across numerous pairs.

Support here stands at the 2450-48 level
Resistance here stands at the 2460-5 levels.

If we break and hold above 2465, 2475 and 2480 are very likely in the sessions to come, otherwise we'll stick with the weekly plan and look for lower. For now, it's been a decent week, please don't take unnecessary risks for cheap pips.

As always, trade safe.

KOG

16 Ağu

İşlem kapandı: hedefe ulaştı

We were waiting for this to break either direction to confirm whether it will complete the move or not. We broke above, tested it nicely and we managed to complete 3 targets on Gold today. We're still looking like it wants to go higher but it's late session and too risky to long this now. Support below is 2485, above that we're looking at 2402-5 at least. Back on Sunday with the KOG Report.