https://www.tradingview.com/chart/XAUUSD/cUVDp99c-XAUUSD-KOG-REPORT/
The KOG Report has been published on TradingView. Please have a good read and hit the like button 🙏
The KOG Report has been published on TradingView. Please have a good read and hit the like button 🙏
There's a lot to drive the markets today
We've had a good run up to this level as per the KOG Report. Please read it if you haven't already and hit the like button. We were initially looking for the first reaction on price around the 1835 level, however, if we are to test that level its going to be really small and light. We have indications of further movement to the upside so our view is to short it from higher up
Its Options Expiry this week so please trade carefully. there will be a lot of position covering and profit taking which will move the markets. They'll use the releases to activate the orders so volatility is likely to be high.
Partials taken stop to entry, let the runners run
We sharing something different today as well as the daily update.
A lot of traders are in limbo at the moment wondering where Gold is going next after the decline we’ve witnessed recently. The honest answer to this is we’re in a region at present where we should have seen a technical retracement on price at least up to 1850, however, what they’ve decided to do instead is hold the price in this area and range it over this week giving us a high so far of 1835. We have a lot going on in the news as well as options expiry, so this is potentially the reason the powers that be are holding the price and accumulating orders here. We’re going to share the long-term charts that we have shared in the past with an overall view of Gold and what the possibilities are based on its structure and key levels.
A lot of traders are in limbo at the moment wondering where Gold is going next after the decline we’ve witnessed recently. The honest answer to this is we’re in a region at present where we should have seen a technical retracement on price at least up to 1850, however, what they’ve decided to do instead is hold the price in this area and range it over this week giving us a high so far of 1835. We have a lot going on in the news as well as options expiry, so this is potentially the reason the powers that be are holding the price and accumulating orders here. We’re going to share the long-term charts that we have shared in the past with an overall view of Gold and what the possibilities are based on its structure and key levels.
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