XAUUSD - KOG REPORT UPDATE:

2022年10月19日

End of day update from us here at KOG:

We shared an update earlier with the 4H and daily chart with the circled region as a target for price, which has been hit. We said we're still moving according to plan, apart from the overthrow which stretched us a little over the resistance level where we ideally wanted to short it. We've now hit the lower target, but would suggest caution as we can still see lower pricing in Gold.

Would say look above for resistance and a reaction in price unless we drop again from here.

From Camelot this morning:

XAUUSD 19/10/22 1H

Support: 1640 / 1637 / 1635 / 1630 / 1624

Resistance: 1650 / 1655 / 1659 / 1662 / 1665

KOGs Bias for the day:

Bearish below 1665 with targets below 1635 and below that 1630

Bullish on break and close of 1665 with targets above 1670 and above that 1680

As always, trade safe.

KOG