XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

We had a great short this morning with Excalibur confirming the 1640 level where we took the exit and looked for a long trade. Support held and what a wonderful long trade into that resistance level as we illustrated yestereday. Well done if you followed!

Now we'll look for this to settle with the 1650 level looking like a target where we would expect this to try and remain. Support there and potential for a tap into that high where they will be a lot of stops waiting.

From Camelot this morning.

XAUUSD 25/10/22 1H

Support: 1642 / 1639 / 1635 / 1630 / 1626

Resistance: 1645 / 1649 / 1655 / 1660 / 1665 / 1671

KOGs Bias for the day:

Bearish below 1665 with targets below 1624 and below that 1610

Bullish on break of 1655 with targets above 1655 and above 1665


As always, trade safe.

KOG