XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

Another frustrating day for those looking to hold long term trades! As we suggested in yesterday end of day update, it was either a short from the top or a long from the low, as you can see the support held and the long is on! We've illustrated what to look for in the remainder of the session as long as the price stays above the 1790 price point. Its looking like it wants to finish the week higher but expect a reaction in price at these higher resistance levels. Best practice now is to stay out until next week, let them take it to where they want to close the weekly candle and then we'll re-visit the analysis.

We'll be back on Sunday with the KOG Report.

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As always, trade safe.

KOG