XAUUSD - KOG REPORT UPDATE:

End of week update from us here at KOG:

This morning we were anticipating a move up into the 1803-5 region initially where we wanted to see a reaction in price. We would say look for the resistance levels above to potentially hold, or, this may well just close around that 1803-6 region and range with it being a bank holiday in the UK on Monday. In either scenario, its too late in the the Friday session to get involved. Levels are on the chart.

We would like to take this opportunity to wish all of you that have followed and supported KOG a Merry Christmas and a Happy New Year.

From Camelot this morning:

XAUUSD 23/12/22 1H

Support: 1795 / 1790 / 1787 / 1785 / 1777 / 1770 / 1765

Resistance: 1801 / 1803 / 1807 / 1810 / 1817 / 1820 / 1823 / 1830

KOGs Bias for the day:

N/A

Summary:

Be careful today members, it’s Friday and Christmas weekend so Monday will be a bank holiday in the UK. Its likely they may just take the price back up towards the 1806-10 level and range it there until next week. However, that 4H structure is broken, and the retest is around the 1803-5 level just below the order region. Best thing to do is trade it lightly, we’ve had a decent month, no need to ruin it.

As always, trade safe.

KOG