We projected three levels for Gold, either we wanted to sell from above or we wanted to buy from below, the intraday levels were of no importance to us. The plan to long worked a treat with the price tapping exactly where we anticipated and bounced giving a mega move into the zone above we wanted. It's at that resistance level we got a small RIP but it was only 100pips before coming back to close at BE.
A fantastic end to another fantastic week in Camelot across all the pairs we trade.
Now, we would say if we can get a close below the 2385 price point, we should see this attempt to pullback into the 2370-75 region which is the level that needs to be monitored. Above there, we are potentially looking higher but please be careful not to long this too high!
Let's wait for the close and of course the trusted KOG Report on Sunday.