XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

Gold is now in true pre-event price action mode with MA's starting to group together and the pre-event range being established. We would suggest caution this week due to there being a lot of news that will cause volatility in the markets and the ranging is likely to chop up retail traders thinking this is just a normal market environment. We'll stick with the levels on the chart for now looking for lower support levels to cause a rection in price, however, we're playing defence, not risking big, reduced lot sizes and strict risk models in place.

New to trading, less experience in the markets, SIT IT OUT, there's a time to trade and a time to go fishing!!

As always, trade safe.

KOG