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.

Make sure to manage and protect your trades if you're long

End of day update from us here at KOG:

2010-12 was the level we wanted this morning which has now been achieved. We had this price point in mind for a RIP, however, it looks like they're going to try to range it here for the close. For that reason, support now stands at the 2001-3 level with immediate resistance at the 2010-12 region. Keep an eye on the structure and remember not to over do it in this range. Accumulation here will result in a breakout so use the levels to your advantage. Targets are active, it's just about finding the right entry now.