THE KOG REPORT - Update: BOOM!

End of day update from us here at KOG:

What a wonderful event today giving us a fantastic move on Gold highlighted and illustrated with a pin point level to level move in Camelot! For most of this week we said we would stick with the plan and the bias targets as well as the Excalibur targets completing them all to the pip.

Daily bias level target 2015 complete
Weekly bias level target 2015 complete

So, what now? It's been another good week so we will be taking it easy tomorrow on the markets. Gold is at key level support here so a reaction in price can take us back up towards the 2022-5 region before we then see another attempt at attacking this support. A break of this support will take us down towards the 2003-5 region before another bounce, so please be careful on your long trades and don't trade volume driven candles.

For now, bearish below still stands, new target level will be released in the morning review.

As always, trade safe.

KOG