End of day update from us here at KOG:

We highlighted this morning in Camelot that shorting at the lower levels was not a good idea and that long we were in long terriotory. Excalibur gave us a target of 1627-29 which gave a decent capture, however, as…

KOG Report:

In last week’s KOG Report, we said we would stick with the same plan we have been following for most of this year. We said we would remain with the bearish view and look for lower pricing in Gold before we see the rally we have been expecting.…

Daily chart:

Levels holding well, plan is going well, not much more to say. Level above is 1685-90 on this chart with the support being 1640-45, these are the breaks you’re looking for. Short above, long the lows!!

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Weekly chart:

Again, same levels, same plan. One difference though on this chart, and that’s that resistance level which due to the longer time frame is a little higher than the daily, sitting around 1706.

We’ll stick with the target for now. If it…

Monthly chart:

We’ve added a new update on this with a new level to look for retracement into, whether it be during the remainder of this week or the beginning of next month. Plan is the same, take this chart as reference.

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