THE KOG REPORT - Update
Updated
End of day update from us here at KOG:
Yesterdays KOG Report gave caution on the move suggesting the high could reject and we could complete the move back down into the order region 2350-55. Earlier today, we managed the short trade into the lower support level and then shared the TP levels for the long trade into the 2378 level. We had a bias active, bearish below 2380 with a target level 2365, luckily a clean exit from the long trade and then the target level again for the short trade completed.
Now we have support at the order region 2350 with the resistance level 2360 and above that 2365 which are reasonable target levels for the long trades. We need to make traders aware that the 2370 level is now a key level and will need to break to go upside, otherwise as suggested in the KOG Report, this move could just have been a range high, in order to target the range low. We'll play it how we see it for now and trade it level to level.
We'll update traders again tomorrow.
As always, trade safe.
KOG
Yesterdays KOG Report gave caution on the move suggesting the high could reject and we could complete the move back down into the order region 2350-55. Earlier today, we managed the short trade into the lower support level and then shared the TP levels for the long trade into the 2378 level. We had a bias active, bearish below 2380 with a target level 2365, luckily a clean exit from the long trade and then the target level again for the short trade completed.
Now we have support at the order region 2350 with the resistance level 2360 and above that 2365 which are reasonable target levels for the long trades. We need to make traders aware that the 2370 level is now a key level and will need to break to go upside, otherwise as suggested in the KOG Report, this move could just have been a range high, in order to target the range low. We'll play it how we see it for now and trade it level to level.
We'll update traders again tomorrow.
As always, trade safe.
KOG
Trade closed: target reached
Target reached and now complete. Ranging expected until Powell speech later today
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🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
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