XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

Unfortunately we missed the short from the 1665 level as illiustrated in the KOG Report. We instead took a small long and managed to get something from Gold today at least. We wouldn't want to get involved in the markets now as its late session and a Friday, however, potential move is on the chart as well as the levels to look for on the hourly.

From Camelot this morning:

XAUUSD 27/10/22 1H

Support: 1660 / 1656 /1650 / 1642 / 1639

Resistance: 1667 / 1670 / 1675 / 1681 / 1690 / 1695

KOGs Bias for the day:

Bullish above 1655 with targets above 1680 and above that 1695

Bearish on break of 1655 with targets below 1640 and below that 1630


Summary:

Small target above which still stands, the 1655-8 level is important today, wouldn’t be surprised to see it attack that level at some point. Support and resistance levels remain the same, which need to break either side to then continue.