XAUUSD 1H - Levels

12 Apr 2022

Quick end of day update from us here at KOG.

So its been a great run as up to this level. We published on Sunday we would be looking for the 1970 and 1975 targets to be achieved and completed before we start looking for the short trade. What we want to see now is if we target that higher liquidity region as we've shown on the KOG Report chart which is sitting slightly above here and reject, or, we get a pullback into support and then target that higher level. We've illustrated on the chart what we feel you should look for in the remainder of the session.

We'll be back tomorrow with our view. Well done if you followed.

From Camelot this morning:

XAUUSD 12/04/22 1H

Support: 1950 / 1945-47 / 1941 / 1935 / 1930

Resistance: 1955 / 1957 / 1963 / 1970 / 1975

KOGs Bias for the day:

Bullish above 1930 with targets above 1965, 1970 and above that 1975

Bearish on break of 1930 with targets below 1920, 1910 and below that 1985

Summary:

We have a target above at around 1975 which hasn’t been completed yet. We could get a deeper pullback but the price must stay above the 1930 level for this to resume the bullish move.