XAUUSD - KOG REPORT UPDATE:

Quick end of day update from us here at KOG:

Gold continues to range with the 1740-20 price points with the Asian session swooping liquidity from above and below this morning. We would suggest looking for support below in the remainder of the session as long as we stay above the 1720 level with resistance being the 1740 level where could be another opportunity to short this further, if the daily closes around this price range. We have some funds tomorrow so there's a chance they will take it back up towards the MA's before the release.

Lets see how this plays in the Asian session tomorrow.

From Camelot this morning:

XAUUSD 12/07/22 1H

Support: 1729 / 1718 / 1705 / 1695

Resistance: 1753 / 1745 / 1754 / 1758 / 1763 / 1770 / 1774 / 1780

KOGs Bias for the day:

Bearish below 1740 with targets below 1720, 1710 and below that 1696

Bullish on break of 1740 with targets above 1750, 1763 and above that 1775

Summary:

Still in a range so use the 15M levels to play it together with the Excalibur targets for direction. They will continue with the choppy price action and will want to activate stops losses and trigger orders before going the opposite direction. Be careful and sensible with you lot sizes.

As always, trade safe.

KOG

KnightsofGold

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