XAUUSD - KOG REPORT! (Weekly)

Weekly Chart:

Last week we said we were going to add that additional area of interest as a target on the Weekly chart. As you can see we hit that target and bounced! We’re sharing this chart for reference as the move still stands on here and we will stick with the plan that we have been following. Because it’s a weekly chart the moves will be greater, and the levels will be stretched further.

Here the 1750 level sticks out as well as 1790 resistance, but, it’s a long way down! We’ve added another circle as an area of interest where the move could terminate if we are to go down further.

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As always, trade safe.

KOG