THE KOG REPORT

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THE KOG REPORTXAU/USD Spot - GoldFX:XAUUSDKnightsofGoldTHE KOG REPORT: Quick KOG Report this week with the red boxes and the bias levels added for market open and most of Monday’s session. For this week we want to see how the market opens, are there and gaps and do we get a liquidity spike before a retracement. We would also like to say, this week looks like it’s going to be extremely difficult to trade, one wrong entry here too high, and we could see this come all the way back down into the 4220’s again. So, we’ll start by saying we’re going to stick with the 4H KOG Report chart for the defence boxes and we’re going to stick with last weeks NFP chart, which worked well for the RIP. We have a key level above at the 4360-5 region and above that we have 4380-95 as a liquidity pool. What we may see here on the open is a push up into that level, and if we can exhaust around there, a short retracement back down into the defence boxes. Our key level here for this move is the 4250-40, ideally that’s the level we want to see attacked and that’s the level that decides what happens next. In summary, above we have 4380-95, needs to hold for us to come down and potentially see 4250-40, break above that resistance and hold, we are looking closer to 4480 on the pull backs which will be opportunities to remain long. RIPs from above would be ideal here but this is gold, you have to align everything on the day before executing the plan. RED BOX TARGETS: BREAK ABOVE 4257 for 4365, 4375 and 4391 in extension of the move BREAK BELOW 4335 for 4320, 4311 and 4303 in extension of the move Please do support us by hitting the boost 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, education, targets and indicators on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG