XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

Its been another great week for us on Gold. We now want to see where they close this weekly candle as a close below the 1755 level isn't great for bulls. The ideal scenario here is for them to take this up, break the resistance above and target to close around the 1765 level. Below the resistance level above and this could be more selling pressure to tap into that low first!

We're done for the week and would like to wish all our followers a great weekend. Thank you for the likes, follows, comments and support.

From Camelot this morning:

XAUUSD 18/08/22 1H

Support: 1768 / 1760 / 1759 / 1755 / 1750

Resistance: 1770 / 1776 / 1779 / 1785 / 1792 / 1795 / 1797

KOGs Bias for the day:

Bullish above 1779 with targets above 1792 and above that 1797

Bearish on break of 1779 with targets below 1755, 1750 and below that 1740

Summary:

Excalibur targets below so look for them to create a reaction in price. Important weekly close today as we said earlier. We’ve had a good week and month so far with targets being completed, try to sit back a bit if you can.

As always, trade safe.

KOG