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KnightsofGold
Dec 5, 2022 4:58 PM

XAUUSD - KOG REPORT UPDATE: 

Description

End of day update from us here at KOG:

Well, that market opening couldn't have gone any better! We suggested yesterday to look for price to react at those resistance levels, the first one being 1806, this was also the top of the range we had identified at the beginning of Nov, please see link below:



Last night in Camelot we had identified two possible targets for today, both over 300pips apart, one above, one below...And just like that, Gold played into our hands not only completing the higher target but then correcting the move straight into our lower target. We're now approaching the key level support illustrated on the chart, we would suggest any test on support to be smaller to start with, we said in the report Excalibur wasn't confident in that small bull run so lets see how these levels react to price.

For now, if you followed us, any short trades from above a good entries, so make sure to protect and take partials. This week is going to be a roller coaster ride!!

As always, trade safe.

KOG
Comments
RLinda
Good look at the market, I think the price will reach the target soon) Thank you)
KnightsofGold
@RLinda, its nearly there
TheNewsCrypto
Perfect Analysis
KnightsofGold
@TheNewsCrypto, Thanks mate
Lingrid
Nice analysis, ty
KnightsofGold
@Lingrid, Welcome
ProjectSyndicate
superb overview and high quality charting
KnightsofGold
cowsy7
You guys are great at what you do. Please don’t try and justify to anyone what you do as the plain proof is there. I admire your work and wish I could analyse the same. Missed the last joining entry was away. Keep doing what your doing your returns will me great.
KnightsofGold
@cowsy7, Thank you, much appreciated
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