THE KOG REPORT - Update

30 Jan

End of day update from us here at KOG:

A nice move here on Gold after the FOMC statement, not giving us the undercut low, but also not taking out the previous order region where we suggested traders go long, leaving their entries in tact.

We now have an extremely stretched market with price attempting that 2800 level as we suggested in the KOG Report. We are now however to high to think about going long, so short is the only option if you feel the need to trade. The resistance level above is sitting at the red box, if rejected we feel the pull back into the 2790. 2785 level is a just trade. We need to monitor the close but as it stands we have completed a majority of the targets we wanted so tomorrow is a day to observe the daily, weekly and monthly close in our opinion.

KOG’s bias for the week:

Bullish above 2750 with targets above 2784✅, 2793✅ and above that 2810 pre-event
Bearish on break of 2750 with target below 2735

Red boxes:

Break above 2780✅ for 2793✅, 2795✅, 2806 and 2827 in extension of the move
Break below 2770 for 2765, 2757, 2755, 2750 and 2743 in extension of the move

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As always, trade safe.

KOG

31 Jan

Trading ditutup: target tercapai

Target reached, a decent trade for a Friday. Manage and protect if you're in, maybe leave a runner at BE.

KOG