XAUUSD - KOG REPORT UPDATE:

28 Sep 2022

End of day update from us here at KOG:

Following on from yesterdays published idea where we highted the support level in case of a break you can see that price rejected the region aggressively to give the push up into and potentially now breaking the 1650 level. Any reaction from the resistance level should take this back into the key level support which is now 1635-40 which now needs to break for this to go lower down. We're nearing the end of the week and month so profit taking is going to be active and swings at the extreme.

From Camelot this morning:

XAUUSD 27/09/22 1H

Support: 1620 / 1615 / 1611 / 1609

Resistance: 1624 / 1630 / 1635 / 1642

KOGs Bias for the day:

Bearish below 1635 with targets below 1620 and below that 1614

Bullish on break of 1635 with targets above 1645 and above that 1650

Summary:

Excalibur target hit! We should be looking for a swoop of liquidity from below now so shorts with caution down here! If they really want to drop it they will want to close this below the 1600 level so trade on the defence please.