XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

So, so far this week we got the move down into that support region of 1730-35 where we saw the bounce and got the move back up in to the resistance region we had illustrated in the KOG Report. This morning we said below 1755 we'll remain bearish and so far we've seen rejection below that level giving the short opportunity down to where we are right now. We've slightly modified the chart with what to look for in the sessions ahead, however. we have news tomorrow which will likely move the markets, so stay on your toes, protect your trades and try your best to maintain your discipline.

We're sticking with lower pricing for now, shorts are from higher so protected.

From Camelot this morning:

XAUUSD 22/11/22 1H

Support: 1745 / 1742 / 1737 / 1735 / 1730 / 1723

Resistance: 1749 / 1753 / 1755 / 1765 / 1770

KOGs Bias for the day:

Bearish below 1755 with targets below 1735 and below that 1727

Bullish on break and close of 1755 with targets above 1775 and above that 1790

Summary:

Slight IHS formed on the hourly with the 4H showing indications of some bullish movement. Would expect this to retrace some of the move from yesterday so the 1750-55 level is important to hold as resistance. This hourly looks like a similar fractal to the 15m trade we highlighted yesterday so we’ll keep an eye on this. That hit the resistance and reversed aggressively.