XAUUSD - KOG REPORT UPDATE:

End of day update from here at KOG:

The move to the upside is complete and worked well for us, we can see minor rejection around the 1800 level which will try to be defended in the coming sessions. We had a level above which we spoke about on the KOG Report so there is a chance Gold will attempt to grab it before we get a stronger reaction on price. For that reason we're going to play safe here, only long the market level to level and look for a confirmed short set up to take this down (as long as we're below 1830).

Illustrated on the chart is what to look for in the remainder of the session.

From Camelot this morning:

XAUUSD 09/08/22 1H

Support: 1785 / 1782 / 1772 / 1768 / 1760 / 1759 / 1755

Resistance: 1793 / 1795 / 1797 / 1802 / 1806

KOGs Bias for the day:

Bullish above 1780 with targets above 1797 and above that 1802

Bearish on break of 1780 with targets below 1777 and 1770

Summary:

We have targets above which are not far off, would wait for a this to test the support levels below before attempting any long trades.