THE KOG REPORT - Update

End of day update from us here at KOG:

We said we would stick with the plan but keep in mind the extension of the move into that higher level which was barely tapped before the price rejected. Our daily bias bearish below worked well hitting the first target level 2320 but this level seems to be a thorn in the side of Gold bears at the moment.

2320 with lower support 2310-13 are now key levels that needs to be broken, otherwise we continue the slow frustrating sideways chop until major volume enters the market. For now, resistance 2325 and above that 2330 on the bounces looks likely.

As always, trade safe.

KOG

Kommentar:

2310 bias level complete, bounce, just shy of 2325 but still a decent return

Kommentar:

Level rejected as anticipated, continuing our journey downside