THE KOG REPORT - UpdateXAU/USD Spot - GoldFX:XAUUSDKnightsofGoldEnd of day update from us here at KOG: Yesterday we said we were expecting an undercut low here on gold and the lower defence box was the region of interest. The indicators aligned London session and the EA activated to give us a decent short trade for London into the lower box. NY then gave us the retracement trade but the bonus level was missed and as you can see the move continued. I have added a new defence box below which I think is achievable in the session to come, but this region needs to hold us up tomorrow to begin the retracement in preparation for Friday's NFP. The mean is being dragged down so the retracement may be limited. In terms of levels, we have the 4395 level now on the flip with support being 4330. This is the potential range here for now in my opinion and until we see a clear reversal with liquidity in tow, its scalps only for the long trades. As always, trade safe. KOG