THE KOG REPORT - Update

Dec 3

End of day update from us here at KOG:

Frustrating, choppy, ranging... What more can we say on Gold! Red boxes worked well for the scalps, we managed short and a long hitting the Excalibur target 1. We still have another active which is a bit concerning and warning us of a big move on the horizon.

As you can see from the chart, the red boxes are holding as support and resistance levels for now while price accumulates between them. Best practice here is to wait for the breakout, not get excited every time it moves 80-100pips. The levels of 2655-7 which was our bias level for the short is working well, but 2630 is controlling price from below. For that reason, we'll stick with the plan for now, scalp on the intra-day boxes, and unless we get the higher level to short from we'll play it say.

As always, trade safe.

KOG

Dec 4

Trade active

Still playing the same range with 2638 holding us up and 2655 down. Please don't get too confident in the range, that's what they want you to do before they make the breakout. The levels are holding and boxes are giving RIPs but make sure you have an SL in place