XAUUSD - KOG REPORT UPDATE:

Quick update from us here at KOG:

Its been a phenomenal week for us in Camelot not only on Gold , but Silver and US30. We shared this chart yesterday showing the target region and also where we expected the bounce, as you can see it worked pretty well. We then identified the retracement region in Camelot to exit the longs and switch to the short trade which is now running over 150pips with partials taken and stops to entry. Highlighted are the lower support regions where price could target unless we see a bounce again around here. Too low and late now to short it so its best to come back to this next week unless you're in already.

From Camelot this morning:

XAUUSD 14/10/22 1H

Support: 1670 / 1665 / 1660 / 1657 / 1653 / 1647

Resistance: 1674 / 1677 / 1685 / 1690 / 1694

KOGs Bias for the day:

Bearish below 1695 with targets below 1657, 1647 and below that 1635

Bullish on break and close of 1695 with targets above 1704

Summary:

It’s been a good week for targets being completed so if you’re up try and take it easy, as its Friday. We’re looking lower and expecting one of the support regions below to potentially bounce the price aggressively. Yesterday’s chart showed the resistance levels which held so if you’re in short it should have been from above and now running risk free.