XAUUSD - KOG REPORT UPDATE:

Quick update from us here at KOG:

Not much to write home about, ranging price action and MA's being drawn together in anticipation of a breakout. Would suggest traders hold tight now and wait for one of these levels to break! We've identified a pattern on the chart which can get traders trapped in the wrong direction again so try to wait for the levels to hold or for the extreme high or low of the immediate range. Bias at the moment as long as the 1720 level holds is still to the downside!

Back tomorrow wit the usual updates.

As always, trade safe.

KOG