XAUUSD - KOG REPORT UPDATE:

Right traders. Going to say this, expect some moves to come in the markets over the rest of the week! We got the target we wanted on yesterdays idea but we wanted the short from 1730-35, instead we got 1726 before the decline. Luckily Excalibur gave us a short indication and we were able to get something out of the move down.

1695 is now the key level below with 1708 being the key level above. We did get a small bounce earlier from the support but it wasn't sustained.

Trade carefully please, markets are ready to make some moves, candles are full of restricted volume so they're holding back for something in order to move them.

From Camelot this morning:

XAUUSD 06/09/22 1H

Support: 1712 / 1708 / 1705 / 1701 / 1697

Resistance: 1717 / 1720 / 1725 / 1730 / 1739

KOGs Bias for the day:

Bullish above 1705 with targets above 1725 and above that 1735

Bearish on break of 1705 with targets below 1696

Summary:

Gold is attempting to break the range in both directions so please be careful, wouldn’t be surprised to see a dip into the low again at some point to throw off some buyers. We’ve hit the Excalibur target and seen a rejection at the resistance level, although a tad short from what we wanted in the KOG Report. Let’s keep an eye on the low for some support around 1708-6