XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG with what to look out for in the remainder of the session.

Gold managed to break to the upside now breaking above the 1845 region and following the scenario for long in the FOMC KOG Report published yesterday! Our target above is around 1880, however, there are a few obstacles for Gold to get over before reaching that price point. So right now we will look for support at 1845 and for this to potentially break and close above the 1850 level. The daily close is important for which we have to wait until close of business. First region is 1860, thats a possible short opportunity back into the 1850-45 region, above that is 1880-85.

Trade it level to level on the way up but expect another turn at some point. Powell is speaking tomorrow so there's a chance he will say something to move the market, could be a late Friday move which we don't want to get involved in.

XAUUSD 15/06/22 1H

Support: 1825 / 1820 / 1811 / 1807 / 1802 / 1795

Resistance: 1832 / 1838 / 1842 /1846

KOGs bias for the day:

Bearish below 1845 with targets below 1825, 1818 and below that 1810

Bullish on break of 1845 with targets above 1860 and above that 1865

As always, trade safe.

KOG