THE KOG REPORT - WeeklyXAU/USD Spot - GoldFX:XAUUSDKnightsofGoldWeekly Chart: A quick update on the weekly chart we’ve been using as a guide together with the RBs and the potential path. As you can see here we’ve completed our hot spots downside and had the extension based on the 4H and intra-day charts. Right now, as it stands, we have no breach below and you can just above see we’ve attempted to peak above the immediate defence. Unless we breach downside, there is a possibility here that we get an undercut low, and to end the month we start making the retracement that we’re awaiting confirmation on from the daily and 4H charts. Of course, we will have to wait for the weekly close and see if this support level continues to hold. Liquidity flow here is higher than usual, hence we keep bouncing that 3950-55 region. 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