THE KOG REPORT - Update (BOOM)

End of day update from us here at KOG:

Yesterday we suggested looking for the support level to hold and the move to the upside should continue. While CPi was looming we identified the regions we wanted to target and although the support level fell just short, we got a move up again from the order region 2350-55 completing our Excalibur targets above. CPi smashed today, not only on gold but also on the other pairs we trade in Camelot.

So, what now?

We have the levels above 2385-90 which need to be watched with an extension into 2395. We can't long here so if anyone does want to test the levels for a short, these are the regions to look for unless broken above. Price looks to want to break 2400 with the support level now 2365-70, which if held should propel us up again.

As always, trade safe.

KOG

评论:

Short from the region, protect it please and take partials.

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