XAUUSD - KOG REPORT UPDATE:

Tight range now on Gold attempting to breach both the immediate support and resistance levels with no forceful break either side! We will remain with the plan so far, if it goes higher we'll short it again and if it goes lower we'll long the lows. Expect some movement in the coming session, try not to get stuck on the wrong side of the break!

Key levels:

Resistance 1797
Support 1780


From Camelot this morning:

XAUUSD 11/08/22 1H

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

Resistance: 1793 / 1795 / 1797 / 1802 / 1806 / 1810

KOGs Bias for the day:

Bullish above 1775 with targets above 1797, 1802 and above that 1810

Bearish on break of 1775 with targets below 1770 and below that 1765

Summary:

Targets above with a small one below, therefore we’ll stick with this attempting to go higher for now as long as it stays above that 1775 level. 1780 is a key level so potential for it to tap into that region at some point today. You can see all the MA’s grouping together on the hourly so its going to be a difficult day ahead with choppy price action.