XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

What a fantastic day on the markets with Excalibur giving us a masterclass performance hitting phenomenal targets not only on Gold but numerous pairs in Camelot.

On Gold the resistance level has worked well even though the market was suggesting higher immediate pricing. We've also hit the weekly resistance target that we gave but so far can't really call it a tap and bounce so please be careful. Any short trades from resistance should be protected pending a retest potentially late session. We'll either look lower to go long or higher to go short.

From Camelot this morning:

Support: 1870 / 1865-60 / 1852 / 1850 / 1847

Resistance: 1875 / 1880 / 1883 / 1885 / 1896 / 1901

KOGs Bias for the day:

Bullish above 1855-50 with targets above 1875 and above that 1885

Bearish on break and close of 1850 with targets below 1835

Summary:

Gold targets completed this morning with an aggressive open. As mentioned pre-open, not comfortable taking long trades up here unless there is a decent pullback into key level support, use the KOG Boxes to guide along with the targets.