XAUUSD 1H - Levels

Quick end of day update from us here at KOG.

We can see the price now settling into another range which is giving traders and opportunity to trade between the lines, this is also now starting to bring the MA's together which could mean there is another potential breakout to come on Gold. We have a target below but we're not really ready to short this yet as it could swing against us. There is more above than there is below with a potential IHS on the hourly and the 4H showing signs of a temporary reversal to target the range high resistance. So we'll wait above to see if the resistance is strong enough to short it again into the lower support area.

Its the last day of the month tomorrow so expect there to be profit taking and position covering, its likely to swing and try to catch traders out so please trade this carefully. We're taking it easy now, its been a good month in Camelot and we don't want to give anything back.

Trade is safe, trade it level to level, make sure your stop loss is tight.

From this morning in Camelot:

XAUUSD 28/04/22 1H

Support: 1885 / 1877 / 1870

Resistance: 1895 / 1900 / 1910 / 1920 / 1924 / 1930-35 / 1943

KOGs bias for the day:

Bearish below 1920 with targets below being 1885. 1877 and below that 1868

Bullish above 1920 with targets above being 1925, 1933 and 1940

Summary:

We can now see the bounce from support with a break above 1885. Support around the 1880-85 region could be used to push this up above 1900. We have targets below so we shall remain short bias as we have been only looking to take longs into resistance levels.