THE KOG REPORT - Update

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THE KOG REPORT - UpdateXAU/USD SpotFX:XAUUSDKnightsofGoldEnd of day update from us here at KOG: Yesterday we wanted that up move, then the tap of the low and the long which worked well from the red boxes which are now on the chart. Focus was on the news today and we had not 1, not 2, but 3 active targets and a hotspot. Target was hit on the release, hotspot reacted and we got a nice short down to complete 2 short targets to end the day. We would say resistance here is now the 3330 region which if held should give us an undercut low into that lower red box to potentially stretch those wick chasers out a little. That wick however is concerning, Gold doesn't like leaving them behind! As always, trade safe. KOG