XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

We highlighted this morning in Camelot that shorting at the lower levels was not a good idea and that long we were in long terriotory. Excalibur gave us a target of 1627-29 which gave a decent capture, however, as you can see we have no broken above that 1645 level. We would suggest caution on shorting, rather look for the lower support to hold over night for a potential run up into higher resistance. We've had a good week in Camelot, so we're not going to ruin it now by shorting it here.

From Camelot this morning:

XAUUSD 21/10/22 1H

Support: 1619 / 1614 / 1610 / 1601 / 1595

Resistance: 1625 / 1630 / 1635 / 1639 / 1641

KOGs Bias for the day:

Bearish below 1645 with targets below 1624 and below that 1610

Bullish on break of 1646 with targets above 1655 and above 1665

Summary:

Cautions on shorts down here, Excalibur target is complete with one remaining. Retracement levels are above, 1626-8 and above that 1630-35.