XAUUSD - KOG REPORT UPDATE:

End of week update from us here at KOG:

So we've come all the way down to the 1930 level, 100pips away from our 1920 target. We're going to make sure to protect all trades now as its the weekend and take a majority of profits of the table ready for a new week next week. We will still look for the price to go lower but this is a key level here so very possible we will see some retracement on the price. We're now looking for the daily close, a close anywhere around here and we may just see the price surpass our third target of 1920 and hit our final target of 1895! Lets see what the next week brings...Well done to those that followed and happy Friday!

From Camelot this morning:

XAUUSD 22/04/22 1H

Support: 1941 / 1930 / 1927 / 1923 / 1920

Resistance: 1952 / 1958 / 1960 / 1967 / 1971

KOG’s bias for the day:

Bearish below 1967 with targets below, 1941, 1938, 1927 and below that 1920

Bullish on break of 1967, with targets above 1971, 1975 and above that 1985

Summary:

Price is accumulating again within the range of 1936 support and 1955 resistance. Looks like its going to take one more swipe to the upside unless it breaks below the double bottom. We’re going to play caution today as its Friday. 1933 is still sticking out so longs with smaller lots to target immediate resistance levels, shorts from higher up to target the lower support.