XAUUSD 1H - Levels End of week!

We're going to end the week here with what to look keep an eye on for the remainder of the session.

As we suggested this morning this 1830-35 is an important level and we can see how the price is using this region to accumulate orders by bouncing in and out of it. It still hasn't picked a short term direction leaving targets above and below so we would expect more of this for the remainder of the session unless it breaks and closes below the 1830 level or above 1837 on the daily candle. We suggested caution this morning as we didn't want to get caught in any open trades over the weekend or in this choppy price action, so for that reason KOG and its Camelot team didn't commit to any Gold and Silver trades today. We'll wait for next week and the KOG report before we decide what to do from here.

The bias is still bearish for us but we have a higher target that has been left behind. We would hope this target is achieved and the price then resumes the decline we are expecting. Having said that, we have been trading it level to level managing to capture both longs and shorts using our trading methods this week giving great results.

Its been a great week for us and our traders trading, Gold, Silver, Oil and GJ with all trades hitting targets.

We'll be back on Sunday with the KOG report. We would like to thank everyone who continually clicks the like button and comments on our posts, we really appreciate your support and following.

Wishing you all a great weekend.

As always, trade safe.

KOG