XAUUSD - KOG REPORT! (Weekly)

KOG Report Con't

We've updated the Weekly chart slightly by adding the immediate resistance levels above and the potential scenario of a break to the upside on this timeframe. We have highlighted the path a couple of months ago also showing the potential swing in price leading us to the upside, which is where we are approaching now!

Again, as the other charts suggest, expect a reaction in price at these levels and if you're shorting make sure your shorts are calculated. Preference here is for the price to clear the upside void but keep in mind we have NFP this week so please trade carefully!

As always, trade safe.

KOG