XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

We had an Excalibur target active which brought us down into this level where the price is ranging right now. The initial move down worked well and the bounce gave traders a 100-150pip move to the upside, however, the move could not be sustained and we're now sitting here. For that reason, any longs from here need to be small with a risk model in place, breaking this level and holding below it will take us down to complete the weekly and monthly targets we published in the KOG Reports. Ideally, we wanted to see the rally to the upside to get in short again, Gold had other ideas though.

From Camelot this morning:

XAUUSD 23/09/22 1H

Support: 1655 / 1650 / 1647 / 1643

Resistance: 1660 / 1663 / 1668 / 1677 / 1680 / 1686 / 1691 / 1694

KOGs Bias for the day:

Bearish below 1680 with targets below 1655 (complete)

Bullish above 1680 with targets above 1700 and above that 1710

Summary:

The move to the downside has come to hit the Excalibur target but this is looking like it wants to break it. We have targets 1647 and 1643 so these are potential price regions for today, based on the move so far!