THE KOG REPORT UPDATE:
End of day update from us here at KOG:
We got the scalps to the upside but that short worked a treat, straight into Excalibur as well as completing the bias level. TAP AND BOUNCE was 30-50pips to the upside so far but we would suggest caution, a retest late session or Asia session could be on the cards. For that reason, we would say support 1947-45 as an extended move with resistance now above at the 1965-70 level which will need to break for us to go higher. 1950-55 order region is really important now, they could hover here and range until tomorrow simply accumulating orders, so level to level please.
From Camelot this morning:
Pair: Date: Timeframe:
XAUUSD 08/11/23 1H
Support: 1965 / 1962 / 1955 / 1952 / 1950
Resistance: 1970 / 1973 / 1978 / 1982 / 1988
Price: 1966
KOG’s Bias for the day:
Bearish below 1978 with targets below 1955
Bullish on break of 1978 with targets above 1988
As always, trade safe.
KOG
We got the scalps to the upside but that short worked a treat, straight into Excalibur as well as completing the bias level. TAP AND BOUNCE was 30-50pips to the upside so far but we would suggest caution, a retest late session or Asia session could be on the cards. For that reason, we would say support 1947-45 as an extended move with resistance now above at the 1965-70 level which will need to break for us to go higher. 1950-55 order region is really important now, they could hover here and range until tomorrow simply accumulating orders, so level to level please.
From Camelot this morning:
Pair: Date: Timeframe:
XAUUSD 08/11/23 1H
Support: 1965 / 1962 / 1955 / 1952 / 1950
Resistance: 1970 / 1973 / 1978 / 1982 / 1988
Price: 1966
KOG’s Bias for the day:
Bearish below 1978 with targets below 1955
Bullish on break of 1978 with targets above 1988
As always, trade safe.
KOG
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🟡 Disclaimer: Not financial advice. For educational purposes only.
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