XAUUSD - KOG REPORT UPDATE:

We're going to stick with the chart from the KOG Report which has been working well for us.

Its been a fantastic week with us hitting our higher targets of 1985 and 1995 where we suggested shorting the market to target the lower support level of 1960. As you can see we've now approached the 1960 level where as we suggested there is likely to be a reaction in price. So, now we are looking for the price to settle a little and either range here, or, target the resistance level of 1965-70 where again we will be looking for a reaction in price. We're taking this step by step, level to level now as we want to see what happens above. For now, we remain short!!

From Camelot this morning:

XAUUSD 19/04/22 1H

Support: 1975 / 1969 / 1960 / 1950 / 1945-47 / 1941

Resistance: 1982 / 1984 / 1995 / 1998 / 2003


KOG’s Bias for the day:

Bullish above 1960 with targets being 1975 and above that 1986

Bearish below 2000 with targets below 1970, 1960 and below that 1955

Summary:

Sticking to the plan on the KOG report, waiting lower down to go long if it gets there. For now, 1982-85 is key resistance, we need to stay below that level. Breaking above that and we’ll have another test on 2000 and potentially above before then coming back down.