XAUUSD - KOG REPORT UPDATE:
End of day update from us here at KOG:
Another choppy day on Gold playing the range between that 1745-50 support and 1760-65 resistance which we has highlighted in the KOG Report earlier in the week. Both these levels have given numerous opportunities to long and short within the range and trade it level to level. We can now see we're back inside close to opening price and we would expect there to be minimal action now, unless there's a late session move to clear out end of month positions.
We would like to see this go lower, before then coming back up again, however, we're in a bullish above zone and the immediate resistance levels are open for the rest of the week. We're also in pre-event waters so please trade carefully, or come back next week once they've moved the market. A quiet close and day tomorrow may lead to some fireworks on Friday!
From Camelot this morning:
XAUUSD 30/11/22 1H
Support: 1755 / 1747 / 1743 / 1735
Resistance: 1760 / 1765 / 1770 / 1773 / 1775 / 1781 / 1785
KOGs Bias for the day:
Bullish above 1750 with targets above 1765 and above that 1785
Bearish on break and close of 1745 with targets below 1735 and below that 1727
Summary:
Lots of news today that can drive the markets. It’s a big week with end of the month approaching as well so please try to keep it light and play defence! Red boxes proved to play the price again which gave the bounce early session. We’re above the 1750 region and we have a couple of targets above. Entries are really important!
Another choppy day on Gold playing the range between that 1745-50 support and 1760-65 resistance which we has highlighted in the KOG Report earlier in the week. Both these levels have given numerous opportunities to long and short within the range and trade it level to level. We can now see we're back inside close to opening price and we would expect there to be minimal action now, unless there's a late session move to clear out end of month positions.
We would like to see this go lower, before then coming back up again, however, we're in a bullish above zone and the immediate resistance levels are open for the rest of the week. We're also in pre-event waters so please trade carefully, or come back next week once they've moved the market. A quiet close and day tomorrow may lead to some fireworks on Friday!
From Camelot this morning:
XAUUSD 30/11/22 1H
Support: 1755 / 1747 / 1743 / 1735
Resistance: 1760 / 1765 / 1770 / 1773 / 1775 / 1781 / 1785
KOGs Bias for the day:
Bullish above 1750 with targets above 1765 and above that 1785
Bearish on break and close of 1745 with targets below 1735 and below that 1727
Summary:
Lots of news today that can drive the markets. It’s a big week with end of the month approaching as well so please try to keep it light and play defence! Red boxes proved to play the price again which gave the bounce early session. We’re above the 1750 region and we have a couple of targets above. Entries are really important!
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🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
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