XAUUSD - KOG - Monthly

We're sharing this again to show you what we've been looking at and using as a guide. Its always best to use the long term charts for the longer term view rather than the smaller time frames which will include the choppy price action. We've mentioned in the previous post there was a chance this will go up towards that higher resistance if it breaks the 1830-35 region and challenge the trendline resistance region, which it did. Now, we're not saying this is going all the way down, you can see the support level around 1775, Which also fits with our range box illustration. Level to level trading.

We'll keep an eye on the levels on the weekly and daily timeframes to make a more informed decision.

As always, trade safe.

KOG