XAUUSD - KOG REPORT! (Daily)

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Daily chart:

This is the daily chart we have been publishing regularly which shows the move we’ve seen up to this region from the lower support level. This chart is important and shows the levels above we are looking at for potential long targets as well as reaction zones for a potential turn around. Here we have an added level of 1804-8 which was a previous reaction zone and used to propel the price so please look out for this region if the price gets there.

We’ve given two illustrated scenarios on this chart because we’re at a crucial price point where a break above can take us higher or, resistance above can take us a lot lower!

Please use this chart as reference when added to other analysis shared.

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As always, trade safe.

KOG