THE KOG REPORT - Update

End of day update from us here at KOG:

A decent day on gold today with the 2315-20 level holding price allowing early buyers to get in on the bounce, while those who missed it got another opportunity to target the order region from slightly higher. We've done well, still holding partials at break even from the lower levels.

So, what now?

We're not in the region we wanted to flip, the extension of the move is around here, but we'll look further up for this move to finish, possibly around the 2350 region, if not broken. Support stands at the 2335 price point while price is still playing the same range from last week. For that reason, we still need to play caution on the markets, expecting them to spike and whipsaw in both directions before making the move we're expecting. We'll wait for tomorrow now and if we see a clean setup, we'll execute.

Until then, we'll hold those runners from below.

As always, trade safe.

KOG

Comment:

2350 gave the flip, anyone short, we would suggest protecting