THE KOG REPORT UPDATE:

End of day update from us here at KOG:

We got the scalps to the upside but that short worked a treat, straight into Excalibur as well as completing the bias level. TAP AND BOUNCE was 30-50pips to the upside so far but we would suggest caution, a retest late session or Asia session could be on the cards. For that reason, we would say support 1947-45 as an extended move with resistance now above at the 1965-70 level which will need to break for us to go higher. 1950-55 order region is really important now, they could hover here and range until tomorrow simply accumulating orders, so level to level please.

From Camelot this morning:

Pair: Date: Timeframe:
XAUUSD 08/11/23 1H

Support: 1965 / 1962 / 1955 / 1952 / 1950

Resistance: 1970 / 1973 / 1978 / 1982 / 1988

Price: 1966

KOG’s Bias for the day:

Bearish below 1978 with targets below 1955

Bullish on break of 1978 with targets above 1988

As always, trade safe.

KOG