XAUUSD - KOG REPORT!

2022년 7월 17일

KOG Report:

In last weeks KOG Report we illustrated the move up from the support level of 1720 which we suggested may hold for this to go up to target 1750 and above that 1785. During the course of the week we suggested taking a majority of the long trade of the table and moving the stop to entry as Camelot analysis identified a key pattern on the chart which was telling us 1745 will hold again. We shorted the market again at 1745 and managed to take it down into 1699 where we then suggested an opportunity to go long. Our long unfortunately was stopped at entry price so all in all a fantastic week in Camelot with targets being hit not only on Gold, Silver and Oil but numerous other pairs as well. Another phenomenal week with a pip capture through the roof!

So, what can we expect in the week ahead?

This week we’re again looking to go long so shorts will be level to level focusing on our intraday Excalibur targets. We can see that 1685-90 region being a potential target for the liquidity swoop with a further liquidity pool sitting below that level at around 1650-65. This level of 1650-65 needs to be kept in mind this week, always expect the unexpected so if there is something in the news to drive the market, they can take it down there first before bringing it back up. The concern for us is that we can see Gold going lower, so if those levels aren’t met its likely we will come back for them in the coming weeks/months.

We won’t highlight our usual scenario’s this week, as we suggested above, we’re level to level if this starts going down as it needs to break above 1720-30 to then turn short term bullish. We’re more interested in trying to get the long entry from the support levels below to target 1750 initially.

Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do.

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As always, trade safe.

KOG