XAUUSD - KOG REPORT UPDATE:

28 giu 2022

End of day update from us here at KOG:

We got the move up from support 1820 into resistance 1830 giving us around 80pips and then the move down again netting another 80pips from precise entry points as we suggested in yesterdays update. We will stick with the plan for now looking for lower pricing but don't discount that move up so potential for short term support below before a move up and then down again, potentially. We will have a clearer picture tomorrow on market open and once the daily candle has closed. Still short, still level to level making the most of the ranges.

From Camelot this morning:

XAUUSD 28/06/22 1H

Support: 1825 / 1816 / 1810 / 1806

Resistance: 1832 / 1837 / 1841 / 1846 / 1850

KOGs Bias for the day:

Bearish below 1837 with targets below, 1820, 1806 and below that 1790

Bullish on break and close of 1837 with target above, 1850 and above that 1865

Summary:

End of the month and a lot of news releases that will drive this up and down. We’re still in the range so the market is using immediate levels as support and resistance. There isn’t much time left for this to hit the high and low for the month so please trade carefully. We’ll scalp the range but wait higher or lower for the larger entries. Saying that, even scalping the range is giving us 50-80pip captures.