XAUUSD - KOG REPORT!

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12/02/23

KOG Report:

After a very choppy and ranging previous week on gold we are hoping to see some action in the week ahead, especially with a full economic calendar. We’re anticipating some more ranging and choppy price action in the early sessions but the rest of the week looks like we may see some liquidity grabs, so please make sure you position yourself well and have your risk management strategy up to scratch!

We’ll concentrate on the 4H chart today and plot the key levels to looks for a reaction in price. We have the level of 1880-85 in mind for a push up which now makes the support region again that 1860 level and below that 1855 which price was using towards the end of last week to bounce.

Illustrated on the chart are the levels to look for with the circles regions as potential targets. Our plan for this to hopefully push up at some point before then resuming the move to the downside so we have highlighted the regions to look for.

As usual, a few levels to look for to make the most of the movement, we’ll scalp it in-between using our intraday strategy and Excalibur targets.

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As always, trade safe.

KOG

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ملاحظة

The first level we wanted for the short has been hit and we're seeing a temporary RIP and bounce.

We're not going to short it here as it's a risky trade at the moment, the news later in the sessions could grab that liquidity from above so we'll sit tight and wait.

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ملاحظة

And another target completed! Path is working well

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