XAUUSD - KOG REPORT UPDATE:

٤ أغسطس ٢٠٢٢

End of day update from us here at KOG:

Well, it was only going to go one way from yesterdays update, the arrows were only up so well done if you got an entry and followed our morning review earlier with the levels to look for. We've now highlighted the area to look for a reaction in price, we either reject here short term or Gold is going to try its best to break through it! Very crucial price point now with NFP tomorrow, what a coincidence!!

We'll be back tomorrow with the NFP KOG report and our view with what to look out for.

From Camelot this morning:

XAUUSD 05/08/22 1H

Support: 1772 / 1768 / 1760 / 1759 / 1755 / 1752 / 1748 / 1744 / 1735

Resistance: 1775 / 1780 / 1782 / 1793

KOGs Bias for the day:

Bullish above 1760 with target above 1775, 1785 and above that 1798

Bearish on break of 1760 with targets below 1740 and below that 1735

Summary:

We have that Excalibur target above so as we said on Monday, above the 1755 level we’ll look to complete that target.

FROM MONDAY:
We’re still sitting at the higher resistance level and you can see price trying to break it. We have a couple of targets above now so as long as we’re above the 1759-55 level we’re bullish looking to take this up towards 1800

As always, trade safe.

KOG