XAUUSD 1H - Levels - End of day

XAUUSD 08/04/22 1H

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

So we've hit our target of 1945 and we can see we're facing some minor resistance here around this level. What we want to see now is if we target that lower support region of 1935-37 and if we close below it on the daily. A break above and the next level is around 1955-58 so please stay cautious of a late Friday move on Gold. We don't enter trades in Camelot on Friday afternoons so we're done for the week.

From this morning in Camelot:

Support: 1930 / 1920 / 1917 / 1913 / 1909 / 1903

Resistance: 1940 / 1944-47 / 1955 / 1963

KOGs bias for the day:

Bullish above 1925 with targets above 1940, 1944 and above that 1948

Bearish on break and close under 1925 with targets below 1920, 1917 and below that 1910

Summary:

We’ve broken above the 1930 level and we begin the US session with 1925-27 as key level support.

As always, trade safe. Please do hit the like button for us