KOG REPORT UPDATE:

End of day update from us here at KOG:

We wanted the short, we got the short! Bias is working well, but entries...hard to get into unless you're scalping or jumping in with the candle.

We have a Powell speech unusually late in the session so there may be some late session movement on the markets. Gold, support is here, as earlier, too low to short as this can turn very quickly leaving late sellers stuck below.

Resistance levels above, 1874 and above that 1880. If we do get a volume driven candle to the upside, it will be a break of the range, so please note, any tap and bounces will likely be level to level, unless the move is covered back down. If not, levels to watch upside, 1880, 1890. Retest and failure to break below 1860 should see some form of retracement in the coming sessions.

From Camelot this morning:

XAUUSD 28/09/23 1H

Support: 1875 / 1871 / 1867 / 1865 / 1857 /1855

Resistance: 1878 / 1885 / 1887 / 1893 / 1897 / 1901


Price: 1873

KOG’s Bias for the day:

Bearish below 1897 with targets below 1863

Bullish on break of 1897 with targets above 1904 and above that 1908

As always, trade safe.

KOG