XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

A nice day for scalping with the price playing between the immediate support and resistance level on the hourly. We are however still with in the range with the MA's now being brought together and a breakout pending! The trade from the resistance levels on Sunday's KOG Report should be protected and partials taken and they can still grab liquidity from above the resistance level, which is something to be careful of. Otherwise, let's stick with the plan, it's a free trade if you're in it!

From Camelot this morning:

XAUUSD 17/01/23 1H

Support: 1903 / 1899 / 1890 / 1885 / 1876

Resistance: 1908 / 1910 / 1915 / 1920

Price: 1905

KOGs Bias for the day:

Bearish below 1930 with targets below 1903 and below that 1890.

Bullish on break and close of 1930 with targets above 1945 and above that 1950

Summary:

As per the KOG Report that rejection from the 1930 level has given a nice return on shorts so far. We’re approaching the first key level so potential bounce to come. Resistance is 1912-15 which needs to break to the upside to go higher. Don’t forget the Excalibur target below around 1***!!

Dagangan aktif:

First target support was close but not yet complete! Swoop to the upside could be on the cards