XAUUSD - KOG REPORT UPDATE:

Quick end of day update.

As we can see the price pushed down from the open into the lower resistance level. If you're in long from there its a good idea to protect the trade as there is a possibility for an undercut low at some point during the sessions to come. We're sticking with the chart from the KOG Report so you can see what we're looking at and the levels we are anticipating a short term turn. Right now the resistance level stands at 1875 where we may see the price try to target. We need to monitor the close today to give us a better idea of what the sessions ahead could entail, however, so far so good.

From Camelot this morning:

XAUUSD 09/05/22 1H

Support: 1855 / 1850 / 1843 / 1835

Resistance: 1868 / 1875 / 1895 / 1904 / 1914

KOGs bias for the day:

Bullish above 1885 with targets above immediate resistance levels

Bearish below 1885 with targets below, 1855, 1852 and below that 1835

Summary:

Markets have open in fear this morning with all our left over trades from last week hitting targets. That’s a full house for us and a great start to the week. We will monitor Gold as we still have one more target below on it that we would like to see complete.