KnightsofGold

XAUUSD - KOG REPORT UPDATE:

FX:XAUUSD   Gold Spot / U.S. Dollar
End of day update from us here at KOG:

Simple one today.

Price formed a reversal pattern early session which gave traders an opportunity to short the market from the key level resistance, the bias gave a bounce from support into the 1942 level missing 1945 as we suggested, however still giving traders a good capture from this morning's review. Break came, we gave the level of 1920 which we suggested waiting for and got a perfect bounce out of structure and tapped into the retest region, again a nice pips capture for the longs.

We want to monitor this now, the resistance level is the underside of the order region 1930-35 but still above the our KOG box so lets see how the resistance holds, if it get's there.

End of day update from us here at KOG:

From Camelot this morning:

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