XAUUSD - KOG REPORT UPDATE:

Nov 11, 2022

End of day day update from us here at KOG:

We identified a level yesterday where we were looking for a reaction in price, however, as you can see price is now hovering in that region ready for another move. Its late session so illustrated is the potential move to come in the remainder of the session as long as we stay above the 55 level. In all honesty, would we long it here? No! Price needs a pullback so higher levels are for shorting rather than longing in our opinion.

We're done for the week, wishing all our followers a great weekend ahead. We'll be back on Sunday with the KOG Report.

From Camelot this morning:

XAUUSD 11/11/22 1H

Support: 1761 / 1755 / 1750 / 1737

Resistance: 1770 / 1775/ 1778 / 1785 / 1792

KOGs Bias for the day:

Bullish above 1737 with targets above 1785 and above that 1795

Bearish on break and close of 1735 with targets below 1706 and below that 1695

Summary:

There’s a new target above but wouldn’t try to target it unless there is a decent pullback. Would say caution on the longs unless there is a decent pullback, look for price to touch the Excalibur target around 17** and there to be a potential reaction in price