End of week update from us here at KOG:

A great week on the markets with Camelot completing numerous targets ending the week with the higher level targeted ticked off on Gold. Yesterday we suggested that any one wishing to short this should wait patiently…

Daily Chart:

Level completed to the upside with a short term bounce, however, would like to see this break below the 1900 level and attack that lower support. Otherwise, we go up into supply and that’s where the KOG report is suggesting a reaction in price…

Weekly Chart:

We’ve completed this level with one remaining above and that lower region which is what was concerning us last week! We’ll be keeping an eye on that higher weekly level but we’ll trade with caution up here. Level to level on the way up! …

Monthly Chart:

This is the monthly chart we have been sharing with the 3 month resistance level plotted! As you can see the monthly candle is trying to target that higher level but it’s the close that’s important. So far three bullish candles, let’s see…