XAUUSD - KOG REPORT UPDATE:

٢٩ نوفمبر ٢٠٢٢

End of day update from us here at KOG:

Interesting day today with a strong start on Gold correcting most of the movement from yesterday. We can now see it starting to settle inside this range where we can expect this to spike both up and down before making the aggressive move in its chosen direction. We can expect some more pre-event price action now across most pairs which will likely bring the MA's close together and make it difficult to hold any trades without large stop losses. We're keen to see where with closes this evening as something tells us we should remain with the plan for now.

From Camelot this morning:

XAUUSD 29/11/22 1H

Support: 1755 / 1747 / 1743 / 1735 / 1730 / 1723 / 1721

Resistance: 1760 / 1765 / 1770 / 1773

KOGs Bias for the day:

Bullish above 1750 with targets above 1765 and above that 1785

Bearish on break and close of 1745 with targets below 1735 and below that 1727

Summary:

The range is big as is the chop. Try not to long at the top of the range or short at the bottom of the range, it’s the same concept as trends. The move from yesterday has been corrected which means the resistance levels above are active and price needs to stay below there.