That's the first part of the move

End of day update from us here at KOG:

Not a bad Monday at all! Hotspots worked well giving us pin point entries not only for the Excalibur targets but also the long scalp earlier in the session. We've tapped and bounced the level as expected into the order region where price is stalling at the moment. This now turns the 2016 level into a support, and if held we should see a move upside in the early sessions targeting the 2020-25 region where price may settle pre-event. On the flip, we're still seeing a bit lower as there is a hotspot waiting from last week's hourly which was shared. Keep an eye on that 2010-08 level as per this morning's review, it's important to hold for bulls to take this upside otherwise we'll stick to the plan for now and follow the path.

1H Hotspots

The levels are pre-defined, that's why they work so well. How do we know where the price will go before the price gets there? How do we make a plan for the whole week when we don't even know what the price will do, what news, what geopolitical issues there will be? Simple, it's historic, it's technical and it does the same thing over and over again. There is nothing new here or anywhere, it's the same old chicken feed we've been trading for years and hopefully for years to come.

KOG

Nice scalp earlier as well on CADCHF 💥

GOLD

That flew! 💥