XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

As we suggested in yesterdays update we wanted the 1735-30 level to hold for a potential test on the 1745-50 level where we have seen a reaction in price. Support still stands at that 1735-30 order level but immediate support is just below here around 1740. We would say trade this cautiously as the swings may catch you out, but, its looking like its wants a little higher. Its very possible now that price may settle between key support below and key resistance above pre-event Friday.

From Camelot this morning:

XAUUSD 23/08/22 1H

Support: 1735 / 1730 / 1722 / 1720 / 1713 / 1707

Resistance: 1740 / 1744 / 1750 / 1755

KOGs Bias for the day:

Bullish above 1750 with targets above 1760.

Bearish below 1750 with targets 1730 and below that 1722

Summary:

Excalibur targets below on this so potential for the price to get buyers in a little higher up and then drop it. Use the 15M levels and the LiTE targets to get in and out keeping lot sizes small and trades manageable.