XAUUSD - KOG REPORT UPDATE:

Quick end of day update from us here at KOG.

We've had a good week on the markets this week hitting targets on various pairs including Gold. Gold alone has given over 500pips up down since Friday now looking like its going to settle before FOMC tomorrow. Yesterday we entered long and moved the stop to entry, we wanted the 1835 level before the move down but the first opening candle stopped us out at entry. Price did achieve 1830 but that's all Gold could manage before turning again.

So what to expect in the remainder of the session? We would say resistance stands at the 1820 level and we need to break above that for this to go higher for the rest of the day. as it stands we will sit on the side lines until tomorrow.

We have FOMC tomorrow for which we will publish the report a few hours prior to the release so please do look out for it. We can see a bit of a mess above that needs visiting but they may be leaving that for FOMC...We'll have to wait and see tomorrow.

The levels are on the charts, arrows are guides. We're not in any Gold trades at the moment, we'll look for the low to test the long or the high to test the short tomorrow.

As always, trade safe.

KOG