XAUUSD - KOG REPORT UPDATE:

29 wrz 2022

End of day update from us here at KOG:

The short yesterday worked well and gave numerous opportunities to trade this level to level on the way down. We could now being seeing the 4H swing which will take us back into the previous range and attempt to target the 1670-75 price region. This is all dependent on the price breaking and holding above the 1665 level with support standing at 1645-50 above which we're positive. We would suggest caution as rejection on the resistance could take this all the way back down again! For now, bullish above 1635 with targets above 1660-65 and above that 1670-75.

From Camelot this morning:

XAUUSD 27/09/22 1H

Support: 1644 / 1640 / 1635 / 1620 / 1615 / 1611 / 1609

Resistance: 1650 / 1657 / 1660 / 1666

KOGs Bias for the day:

Bullish above 1635 with targets above 1650 and above that 1665

Bearish on break of 1635 with targets below 1620 and below that 1611

Summary:

Yesterdays move seems to be retracing and has come down to key support. Resistance stands at 1650 and above that 1660 which price needs to stay below to go higher. No Excalibur activation to the upside as yet which could mean we’re going down. Watch 1640!