XAUUSD - KOG REPORT UPDATE:

Quick update from us here at KOG.

So we've seen the move down in to the 1850 and 1840 levels. As we suggested earlier in the week we wanted 1835 and we got that as well! We suggested a move that Silver was about to make to the upside so said that there's a possibility that Gold will follow so a short term bottom is likely before the move back up into the 1870+ region. We had a long indication this morning giving the bounce up from the 1850 level to hit our target above leaving one active now which we are waiting to complete. We would suggest caution here as there is likely to be a pullback on this movement and we want to see where the daily closes today.

We have NFP tomorrow for which we will not be around as its a bank holiday in the UK. We will however try our best to put together a NFP report for you before the event tomorrow US Session.

For now, no long up here. We're above 1850 again and that's left higher targets open so we're level to level here but concerned that they could be driving this up to drop it again.

As always, trade safe.

KOG