XAUUSD - End of week!

We've been updating more than usual this week as we're trying to keep members on the right side of this.

During the week we identified the Adam and Eve which we thought would give the low to begin the incline, however we completed half the move and then started the move. It gave traders an opportunity to use the range and pattern to also take shorts into the lower regions. If you read the KOG report and our last post you'll see we hit the support level that we wanted later in the week and began the incline. Due to the lack of volume its been a slow and gradual incline with small swings within the trend which hasn't really helped traders.

So we're closing out the week here ready for the holidays. We suggested earlier to look for the lower levels of 1800 and 1797-5 for the long entry which we got. We've now suggested to protect these long trades and take partial profits just in case there is something that causes a glitch on market opening for next week.

Its been a great few months at KOG and we hope members have found the shared analysis beneficial to their trading. We would like to see higher pricing in Gold on market open hopefully targeting that first resistance zone of 1820-24 and above the 1830-35. We do however feel this bull run will be short lived so we will close the week maintaining the bearish view on Gold.

Wishing you all a great festive break and happy holidays. Thank you from KOG for the support you have shown and for following a long with us.

As always, trade safe.

KOG