XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

Following on from yesterdays updated we were looking for a pullback to at least the 1685 region where we wanted to see some sort of reaction in price. As you can see gold wasn't having any of it and continued the move to the upside hitting and completing our target in Camelot. We can see higher pricing but a pullback is due, so be careful with going long up here. You can also see we're at the top of the previous range so retracement is likely but lets see how we close. Lots of sellers in the market so let them stretch.

We shared an update yesterday saying above 1685 we're longing the lows so lets see how far they want to take us before a major correction.

From Camelot this morning:

XAUUSD 04/10/22 1H

Support: 1702 / 1698 / 1695 / 1687 / 1675 / 1670

Resistance: 1709 / 1713 / 1724 / 1730

KOGs Bias for the day:

Bullish above 1685 with targets above 1713 and above that 1720

Bearish on break of 1685 with targets below 1660 and below that 1655

Summary:

We mentioned the small bull run to come and that it would take us over the 1700 level. 1685 is now a key level and we would expect this to hold before we go a little higher. Please read what we’ve written on the gold analysis section, it gives a clear idea of what to expect along with the levels.