XAUUSD - KOG REPORT UPDATE:

Quick end of the day update from us here at KOG:

We can see the price push aggressively from that 1835-7 level and now come back up to try and break the 1850 level. This is an important test as break this level on the daily and closing above it can lead this then to complete the move that we've highlighted on the chart and the KOG Report. There is potential for this to now range between this 1852 and 1845 level while they again accumulate for attempt to breach the range.

From Camelot this morning:

XAUUSD 07/06/22 1H

Support: 1835 / 1831 / 1827 / 1823

Resistance: 1848 / 1850 / 1863 / 1867 / 1875 / 1890

KOGs bias for the day:

Bullish above 1850 with targets 1865, 1877 and above that 1880-85

Bearish below 1850 with targets 1835 and below that 1827

Summary:

Price is reversing after the low of yesterday trying now to breach the 1850 level. This is a key resistance level and also the swing high from last week! Very important test here as failing will lead this into the Excalibur targets below where we can then look again to take a long trade.