XAUUSD - KOG REPORT UPDATE:

End of day update from KOG.

We've now approached that 1830-35 region resistance where we were targeting as our 3rd target and where we were expecting a reaction in price. As you can see its rejected, however, we're not convinced at the moment of further movement down. There are conflicting patterns on the charts so if you're in short make sure to protect your trade and take some partials on it. We have take partials on the longs and protected them but didn't go in short from above. Excalibur is indicating a push to the upside but we have a lot of news this week as well as options expiry so we'll be taking this level to level. So far the move from support to key level resistance and the rejection from resistance has worked well so we'll take it easy now and let the market play this range while it accumulates.

Range is 1815-1835.

As always, trade safe.

See you tomorrow.

KOG