THE KOG REPORT - UpdateXAU/USD SpotFX:XAUUSDKnightsofGoldEnd of day update from us here at KOG: A very aggressive move there by gold stretching those early buyers, smashing through the defence boxes and finally exhausting at our lower defence. In Camelot, we had shared the 6H plan at the beginning of March, and guess where we had highlighted the target? The move was extreme, and trying to get in with it was difficult, so although we got that high early in the week, most of today was spent watching and waiting for it to bottom out. So, what now? We have support at the defence box and resistance is right here at 4650. The ideal scenario for those who are looking to go long, is for the price to break above and the flip. Unless that happens, we're just too low here and resting on 20ma on the weekly to attempt shorting into a strong MA. For now, support holds, there is a huge gap upside, they may retest that low again, but an undercut low tomorrow could be another opportunity to go long! As always, trade safe. KOG