XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

Yesterday we said we would be looking for 50-55 on the flip before a reaction in price, which gave us a good target for the long trades as per the illustration on the chart. We wanted to see if there would be a reaction in price there but decided to hold instead as Excalibur was suggesting higher pricing. it was a decent trade based on the clean reversal but we could have made more of it to be honest.

So now we're seeing a pullback from the test of the recent high which has now turned the support levels to 1960 and below that order region 50-55. We're still in the range with the market accumulating before a bigger breakout it seems, so please play the levels if you need to and make sure you have a risk model in place.

Our bias still remains and we would like to see price tap into that region at some point tomorrow.

As always, trade safe.

KOG