XAUUSD - KOG REPORT UPDATE:

2022年11月15日

End pf day update from us here at KOG:

As we suggested in the KOG Report we expecting the price to target that 1785-90 region where we would be looking to short the market. We had an Excalibur target above which gave us a run to the upside and the level reacted well to price now sitting at 1770. We would suggest taking some partial profits and moving the stop to entry if you followed, there is still potential for a retest on that wick left behind. For now, we're sticking with the plan as usual.

From Camelot this morning:

XAUUSD 15/11/22 1H

Support: 1755 / 1750 / 1737 / 1735 / 1730

Resistance: 1770 / 1775/ 1778 / 1785 / 1792

KOGs Bias for the day:

Bullish above 1763 with targets above 1785 and above that 1795

Bearish on break and close of 1763 with targets below 1745 and below that 1735

Summary:

The moves are big as are the swings. They’re extended and over stretched so will keep getting you in higher and higher until it potentially gives way. It’s a dangerous price point here with the 1800 level approaching. Excalibur has given an indication of a retest after bouncing the level and giving 50-100pips. Support stands at 1763 and below that 1755 with the resistance levels 1785 and above that 1795.