XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

Yesterday we said we were anticipating another breakout and that the resistance level on the 4H chart seemed to be holding strong. For that reason, we suggested not to go long up there and that we would let it go higher if it wanted to, or wait for a deeper pullback. Excalibur activated short this morning and together with the pattern on the chart gave us confidence in the short trade down into the lower support where we now have taken a majority of the trade and left a runner with the stop at entry price. We can see support just below where the price is but wouldn't rule out a dip into that 1780-85 level before any attempt to recover. We would now say resistance becomes the 1806-10 level and price is too low to short.

A phenomenal trade on Gold, Silver and US30 today, all giving us the moves and targets we wanted.

From Camelot this morning:

XAUUSD 22/12/22 1H

Support: 1810 / 1805 / 1801 / 1795 / 1790 / 1787 / 1785

Resistance: 1817 / 1820 / 1823 / 1830 / 1834 / 1837

KOGs Bias for the day:

N/A

Summary:

Tight range again, looks like it could be a triple top on the hourly so please be careful with long trades. It’s extreme levels for now, so short from the top or wait to long the low.