Quick update on what to look for for the remainder of the session. We'll be back tomorrow 🙏

Gold - Something to keep an eye on as well. This is the 4H chart, we had a 1H Excalibur target which was too close to publish but its been hit. There are going to be a lot of sellers here so expect a SL hunter. Break above this trend line and if it turns into support, this is likely going for our 1833 target

XAUUSD:
Date: 12/01/22

Support:
1814/1810/1808/1805/1800/1797

Resistance:
1820/1824/1827/1830/1835

KOGs Bias for the day:
Bullish above 1808-5 with targets of 1820, 1824 and above that 1827

Bearish below 1805 with targets being 1797 and below that 1785

Always remember trendlines are subjective, they can never be exact. We use them for guidance but many traders will draw them differently.

We have a KOG way of drawing trendlines which are a little more exact that we use together with Excalibur.

The only target we have remaining is 1833. This was the level we mentioned in the KOG report two weeks and suggested we need to keep in mind this week. Tomorrow is going to be really important, a pullback is needed on the price but will those support areas hold?! We'll be back in the morning with our view.

Camelot:

For those asking what Camelot is. Camelot is our live trading room where we trade and analyse markets live across numerous pairs including Gold, Silver, Oil, WS/DJ30, GBPJPY and BTC to name a few. This shows members that we're not just calling shots after the moves have happened, we take them through the trade and analysis level to level, point to point. We have a lot of messages about joining and have a waiting list.

Its a fantastic trading community and members room full of education, trading ideas, live trading and open Q&As with KOG.

Those who have already contacted us your replies should be with you next week. We've only recruited once last year to maintain the exclusivity of the group and prefer to keep it that way. We will however be recruiting again to start in march so please do look out for messages on the group in the next few days

XAUUSD:
Date: 13/01/21

Support:
1820/1814-5/1804-6/1800

Resistance:
1825/1828/1832/1835

Summary:
We wouldn’t suggest you buy at these levels, as we said the market needs a pullback so look for lower support levels if you want to go long. 1824-5 has now become a strong level of resistance and 1820 a level of support. Break below 1820 its likely we will see more bearish pressure on Gold.

We'll share the chart very soon

13:30GMT