We added this range on the 9th of April and expected price to play it for the move. Yesterday we said longs with caution as this could turn aggressively as we were at the top of the box, not only that we were in the process of a structure retest! 2040 was given in Camelot this morning for the RIP and BANG! TAP AND BOUNCE.

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Let's see if we get a RIP

End of day update from us here at KOG:

We're at crucial support now on Gold with immediate resistance being the 1998-200 level and above that 2010-12. We've got the short into the lower levels and those who wanted would have got the long from the bounce from support which is now running over 100pips. We would suggest protecting these long trades and to monitor the resistance levels above. Resistance at those levels and we should see some more bearish pressure on Gold so please trade carefully.