XAUUSD - KOG REPORT UPDATE:

Quick end of day update from us here at KOG.

Our of our lower targets are now complete and as we suggested in the KOG Report if we found support below we would be anticipating the market to turn and target the 1810 level and above that 1820. We've cleared 1810 so now lets look at this level for support before attempting to breach the 1820 level. We are still looking higher for a reaction on price where if strong resistance occurs we will be targeting the 1800 break. This is based on the market staying below the 1835 level.

From Camelot this morning:

XAUUSD 16/05/22 1H

Support: 1805 / 1790 / 1787 / 1777

Resistance: 1810 / 1818 / 1822 / 1830 / 1835

KOGs bias for the day:

Bearish below 1835 with targets below 1785, 1780 and below that 1775

Bullish on break of 1835 with targets above 1840, 1852 and above that 1867

Summary:

Monday morning, let the market settle. We’ve hit the Excalibur level below and seen how the support level has rejected the price. The long target from support was 1810 as the first target so lets see how the market reacts at this level. Level to level please