XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

Gold has given us a fantastic technical move so far this week bouncing from our identified levels almost pip to pip, level to level all the way in Camelot! Today we managed to capture another tremendous long into the 1785 region before then shorting again for a quick 50pips! We identified the pattern together with the others in Camelot and it worked to a tee. As you can also see we're following the path shown in the KOG report from Sunday, so again we would say, longs should be protected and partials taken along the way.

For now we're looking for a potential tap into that 1795 region as long as we're bullish above!!

From Camelot this morning:

XAUUSD 07/12/22 1H

Support: 1771 / 1767 / 1760 / 1755 / 1750

Resistance: 1775 / 1782 / 1786 / 1790

KOGs Bias for the day:

Bullish above 1768 with targets above 1780 and above that 1785

Bearish below 1785 with targets below 1765 and below that 1755

Summary:

We can see the price starting to range now with MA’s slowly being brought together so a breakout is pending! DXY looks like it wants to clear some lower pricing so keep an eye on the higher levels on Gold. 1785-95 are important levels for this to stay below to go lower, preference is that 1785 level