THE KG REPORT - Weekly XAU/USD SpotFX:XAUUSDKnightsofGoldWeekly chart: Quick look at the weekly chart. As you can see, we rested on the defence box, ultimately breaking through (this would have been clearer on the daily TF). We then preceded to complete the move downside, getting the tap and bounce RIP. Now, we have defence below with an open hot spot, and no break above or below. With sentiment near neutral at the moment, we’re likely to see some whipsawing to tip the scale further, so let’s keep an eye on that lower hot spot which is still untouched. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG