XAUUSD - KOG REPORT UPDATE: BOOM!!!

End of day update from us here at KOG:

Once again, we only gave you a few levels, two for the RIP and one as the target on Sundays KOG Report. The move down has resulted in our target for the KOG Report being hit and a lovely TAP AND BOUNCE from the level to allow a trade back up into the resistance level.

We've added the new resistance level now which needs to be monitored with a slight extension into the 1988 level which price now needs to break and hold above to go higher. We have early indications of the move to come but this trade has given enough, now we need a cleaner set up or higher/lower pricing to back in.

Levels to watch:

Resistance 1985-8 and above that 1997-99
Support 1975 needs to break for the completion of the move.

As always, trade safe.

KOG