XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

Interesting CPI today which moved the market again quite aggresively. We identified a level in yesterdays report and suggested that if shorts closed at BE the level above could be a target area for Gold. We can now see Gold attempting to breach the level but seems exhausted! We would say, if this wants to go down then anywhere between here and 1560-65 is the region but look out for the stop loss activation. Asian session will be interesting as well as tomorrows US Session, we're expecting some more fireworks.

From Camelot this morning:

XAUUSD 10/11/22 1H

Support: 1697 / 1690 / / 1684 / 1675 / 1665 / 1660 / 1654

Resistance: 1706 / 1710 / 1721 / 1724 / 1730 / 1735

KOGs Bias for the day:

Bullish above 1692 with targets above 1720 and above that 1735

Bearish on break and close of 1690 with targets below 1665 and below that 1655

Summary:

CPI today! Looks like the market has been waiting for this to make a move later today. Levels we have for the upside 1736. The range will be big as could the swing, even with confidence in the trade we would suggest caution.

Yorum:

1760-65