XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

Very choppy day on Gold with the price starting to range and bring the MA's together. We illustrated yesterday the potential movement into the 55 region and for price to react there. As you can see 55 and bounce!! So far its given a nice move so if you're in we would suggest you protect the trade and take some partials around here.

Lets stick with the plan for now as long as we're above order region.

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.