XAUUSD - KOG REPORT UPDATE:

Quick end of day update from us here at KOG:

The resistance above held well just like it did last week which gave the opportunity to short the market down currently running at over 100pips. We would suggest taking partials and protecting the trade as we have FOMC this week. We would expect price to settle now into a tight range pre-event so tomorrow may be a choppy day for traders.

We'll be back tomorrow, for now we're done for the day.

As always, trade safe.

KOG