THE KOG REPORT - Update
End of day update from us here at KOG:
An extremely decent day on the markets even though there was thin volume to start with! We mentioned that immediate support level 2420-25 as well as posting the red boxes for everyone yesterday to make use of. When lined up with confluence that level and the red box gave us the rejection that forced that push upside to complete the target level we were looking for in yesterdays KOG report.
Now we're exactly where we wanted but we're in a late session move, so we will say play a little caution here and wait for a set up. Although this is the extension of the move, we have broken a minor structure which turns support into the 2465 level, this level will need to break to go lower. For that reason, we wouldn't recommend going long here but we have highlighted the stretch above just in case. Levels are to be tested, make sure you have a risk model in place. For us, it's too late to do anything so we'll wait for tomorrow.
Support 2465 needs to break
Resistance 2475-80, if held could present an opportunity.
As always, trade safe.
KOG
An extremely decent day on the markets even though there was thin volume to start with! We mentioned that immediate support level 2420-25 as well as posting the red boxes for everyone yesterday to make use of. When lined up with confluence that level and the red box gave us the rejection that forced that push upside to complete the target level we were looking for in yesterdays KOG report.
Now we're exactly where we wanted but we're in a late session move, so we will say play a little caution here and wait for a set up. Although this is the extension of the move, we have broken a minor structure which turns support into the 2465 level, this level will need to break to go lower. For that reason, we wouldn't recommend going long here but we have highlighted the stretch above just in case. Levels are to be tested, make sure you have a risk model in place. For us, it's too late to do anything so we'll wait for tomorrow.
Support 2465 needs to break
Resistance 2475-80, if held could present an opportunity.
As always, trade safe.
KOG
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🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
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