XAUUSD - KOG REPORT UPDATE:

Quick end of day update from us here at KOG.

Its been a frustrating day for traders unless you're scalping the markets within the range that is presented to us. We said yesterday that if 1855 held we see it being an opportunity to short the market down into the 1835 level first, however, all we managed to achieve is the 1840 level which gave a good return but not what we were hoping for. At the moment we'll stick with the same scenario as long as that 1855 level holds as resistance. Breaking above and we'll look for 1870+ but staying below and we'll look for 1835 as the first target.

Quick one today as not much has changed.

As always, trade safe.

KOG