XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

What a day on Gold, swooping and chopping the range down and up while correcting the move caused by the news. It's still in the range and playing the trend even though we're seeing extensions of the short term swings. We had a short indication on this earlier which gave traders a nice 150+ move to the downside which was enough for us for the day. We're now only looking at the following scenario's which are indicated on the chart due to price holding the block 1930-35! With moves like this they will swing and chop traders within the range and then it is likely you will see a big move in the coming days. So please trade carefully, use the levels and make sure to trade with sensible lot sizes and a good RR. When this moves, it's going to really move!

From Camelot this morning:

Support: 1935 / 1932 / 1929 / 1924 / 1917 / 1908

Resistance: 1936 / 1943 / 1947 / 1950 / 1954

Price: 1937

KOGs Bias for the day:

Bullish above 1930 with targets above 1940 and above that 1948

Bearish on break and close of 1930 with targets below 1910

Summary:

Aggressive move to the upside which is following the manipulation pattern we mentioned yesterday. This pattern needs an engulfing bearish candle from key resistance to start the move to the downside so play longs with caution up here. 1935-30 is support so above that we should attempt to target that 1945-50 level. Excalibur active potential for a RIP!