XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

Yesterday we published the FOMC Report and said we would only be trading the extreme levels otherwise we would stay out of the markets. We gave the level above (illustrated) as the region (if it went up first) where we wanted to test the short on the market. This level also corresponded with the KOG Report levels on the daily and weekly charts which we posted on Sunday. What a move! Perfect TAP AND BOUNCE from the level giving a beautiful short down to correct and complete the FOMC move netting a phenomenal pip capture.

So what now?

As you can see we bounced the 1920 support again and failed to break it. We're now back below the order region with 1935-38 as resistance and the level that needs to break to the upside. Unless there is a late session move we would expect this now to range between the levels and settle for tomorrow.

Level to level, point to point trading at its best.

As always, trade safe.

KOG