XAUUSD 1H - Levels

Quick end of day update from us here at KOG.

The range has given traders good opportunities to trade this from support and resistance levels and now we've broken above the 1930 level. We're still in the bigger range so there's potential for the market to want to test that 1945 target we had as long as we don't close within the smaller range. As per the KOG report the larger range is sitting between 1910 and 1945-50 so Gold still has a lot to do for this to break and go test the recent highs!

We're sticking with the plan on the KOG report, waiting higher up to short this.

From Camelot this morning:

XAUUSD 07/04/22 1H

Support: 1920 / 1917 / 1913 / 1909 / 1903

Resistance: 1924 / 1929 / 1940 / 1944-47 / 1955 / 1963

KOGs bias for the day:

N/A

Summary:

With FOMC being priced in we’re still within the range which is giving opportunities to trade the 1920 support and 1930 resistance levels. We’ll stick with this for now awaiting the breakout. Just like yesterday, level to level for intraday and we’ll stick to the KOG report.