XAUUSD - KOG REPORT! (Daily)

Daily Chart:

Ok, so here we can see the pattern completes around the 1710-15 region, so if we break the 1730-35 region and hold below that is likely to be our first stop! In order for this to extend the move into support then we will complete the whole move down into that 1680 level and if you follow the Weekly and Monthly you can see there is potential for this to go higher.

Our issue here is that we can see a small bull run around the corner which can take us back up towards the 1800-1825 level so let’s trade this with caution. Immediate resistance is 1745-50 with immediate support at 1730.

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As always, trade safe.

KOG