XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

Its been a frustrating day for traders with Gold moving in a range and only giving opportunities to scalpers. This is expected pre-event but we can see that the retracement which should have happened is being compressed by the powers that be! For that reason we would suggest not to get into any trades now as its late session and to look for the range to break either to the upside or downside. Our bias at the moment is to the upside with the 1750-55 level sticking out. Not much more to say on this, a quiet day in Camelot so we'll end it here and return tomorrow with our usual update and morning review. NFP tomorrow, we'll try our best to put together a NFP KOG report but to be honest, not much has changed from the FOMC report published yesterday.

See you tomorrow.

As always, trade safe.

KOG