XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

Interesting NFP today! As we suggested yesterday, above 1630-35 it was looking like it wanted higher pricing which as you can see they achieved. We found a fractal yesterday which showed a failed pattern, the result of which was this move higher and potentially another leg further to the upside. Not going to illustrate potential movement for the remainder of the session as we're nearing the end of the session and its Friday. As suggested earlier, wait for Monday once the price has settled. Any pullback now should come from this resistance level here, break above and we're likely going to tap into the 1685-90 region.

From Camelot this morning:

XAUUSD 04/11/22 1H

Support: 1640 / 1636 / 1630 / 1627 / 1620 / 1611

Resistance: 1650 / 1654 / 1667 / 1670 / 1675 / 1681

KOGs Bias for the day:

Bullish above 1635 with targets above 1655 and above that 1665

Bearish on break and close of 1635, with targets below 1620 and below that 1611

Summary:

As per yesterday’s analysis, expect some swings in the coming sessions. We have a IHS on the 4H which can complete around the 1660-65 price point. We also have a pattern test around the 1630 mark, so there’s a range there that can create the swing in either direction.

Its NFP today, we’ll do a review of the other pairs and see what they’re doing. If you’re less experienced in the markets, please come back on Monday. The trade will come after they have moved the price to where they want to buy or sell it.