XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

We wanted the 1710 level to hold to see it they tap in to the low again however as you can see it broke to the upside this morning. We suggested yesterday Short with caution as there was a lot of messy price action left behind at the immediate high that we felt Gold would want to visit again. You can see we reacted at the high but the break to the downside isn't significant. We would say as long as price above the support level look for higher pricing. It looks like there will be a late session move!

Wishing you all a great weekend. We'll be back on Sunday with the KOG Report.

From Camelot this morning:

XAUUSD 09/09/22 1H

Support: 1722 / 1720 / 1714 / 1710

Resistance: 1726 / 1730 / 1746 / 1750

KOGs Bias for the day:

Bullish above 1720 with targets above 1735 and above that 1742

Bearish on break and close of 1720 with targets below 1710 and below that 1690

Summary:

We wanted to see this go up and face resistance above. We did however suggest caution as there was a lot of messy price action left above from yesterday, plus the Excalibur target which needed to be cleaned up. A close above 1720 today on the daily should take us up but for now we’re looking like that 1735-40 price region is going to be a target.