XAUUSD 1H - Levels

End of day update from KOG:

So we stuck to the plan where we wanted the price to come up to this level where we used the range to trade level to level and then suggested we would not be going long, only taking shorts while the price remains below 2000. We've got the entry we wanted (twice) and have taken partials and protected the trade. Its a bank holiday weekend in the UK so we don't want to be exposed over the weekend and will not be trading tomorrow.

Illustrated is what to look out for in the remainder of the session, we're expecting this to most probably range between the two levels or at least attempt to break 1960! For us, we're sticking to the plan for now!

From Camelot this morning:

Support: 1969 / 1960 / 1950 / 1945-47 / 1941

Resistance: 1975 / 1979 / 1984 / 1995 / 1998

KOGs bias for the day:

Bullish above 1950 with targets above being immediate resistance levels.

Bearish on break and close of 1960, targets below 1955, 1950 and below that 1943.

Summary:

We’re sticking with the plan, not buying unless we get a deep pullback into the 1950-40 levels and only selling as long as we’re below 2000. Excalibur Target above remains, lets see if they spike it up later this afternoon.

Wishing all our followers a great weekend and a Happy Easter. We'll be back on Sunday with our view for the week ahead in the KOG Report.

As always, trade safe.

KOG