XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

Earlier in the day we suggested we would only be trading extreme levels if price gets there, however, we are now late session on a Friday during the first week of the trading year, so for that reason we would rather re-visit this next week after we've put together the KOG reports.

Resistance on the 4H stands here with support now 1855-50 which needs to break to go lower. We're at key levels so longs here are risky, a decent pullback is needed if we are to complete the monthly target of 1880 as per the KOG Report.

Wishing you all a great weekend, see on you on Sunday for the KOG Report.

As always, trade safe.

KOG