XAUUSD - KOG REPORT UPDATE:

Quick end of day and week update from us here at KOG:

Illustrated on the chart is what we feel you should look for in the remainder of the session. Support now stands at 1705-8 which needs to break for this to go lower, and resistance is 1720 for this evening. As we said earlier, our bias was to the upside and NFP has given a relatively small move so far with not much longer left until the close.

Monday is labour day so expect volume to low as well as some ranging price action. A lot going on in the news tonight so please try to protect and trades before market close.

Wishing everyone a great weekend ahead and a thank you for your following, likes and comments. See you on Sunday for the KOG Report.

From Camelot this morning:

XAUUSD 01/09/22 1H

Support: 1701 / 1697 / 1695 / 1690 / 1683

Resistance: 1720 / 1727 / 1730 / 1739

KOGs Bias for the day:

Bearish below 1725 with targets below 1700 and below that 1690

Bullish on break of 1725 with targets above 1730 and above that 1737

Summary:

We’ve hit the Excalibur target below but still have remaining targets. Would like to see this find a bit of relief today and tomorrow so won’t be shorting unless this goes back up into the higher resistance levels. Will be looking for support levels to hold for a small relief rally.