XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG:

No need for us to BOOM and TO THE PIP!!! But, as you can see we hit our target that we have been looking for from the beginning of the week. So what now, well...Its the last day of the month so unless there's a late move this is what we feel the remainder of the session holds as long as we stay below the 1729 level.

From Camelot this morning:

XAUUSD 31/08/22 1H

Support: 1714 / 1710 / 1707 / 1701 / 1695

Resistance: 1720 / 1727 / 1730 / 1739 / 1743 / 1747

KOGs Bias for the day:

Bearish below 1730 with targets below 1710 and below that 1695

Bullish on break of 1735 with targets above 1740 and above that 1745

Summary:

We had a target of 1710 so let’s see if it gets completed today! Last nights targets of 1718 got smashed giving another 90-100pip move. Be cautious selling down here as there is every chance of a swoop into that level above before resumption. Let’s stick with the plan. Last day of the month so please be careful, there is going to be a lot of this across most instruments, it will be choppy so keep an eye on the KOG levels.