XAUUSD 1H - Levels

End of day update from us here at KOG:

We've now hit our targets down from above which were 1960, 1940, 1920 and 1895. What next? Well, we still have one more target below! We're looking for the price to attempt some form of retracement over the coming sessions with the 1930 region now becoming a key level on the chart! We've illustrated what to look for in the remainder of the sessions and where the potential turning points could be. We've carried and followed this down from 1998 to 1895 and did say from 1920 we will be trading this level to level. So please keep an eye on the charts and the immediate levels as well as the morning reviews with KOGs bias for the day.

We're not expecting this to fly to the moon so please don't try and catch the bottom!

From this morning in Camelot:

XAUUSD 25/04/22 1H

Support: 1910 / 1907 / 1903 / 1899 / 1895 / 1893

Resistance: 1920 / 1924 / 1930-35 / 1943

KOGs bias for the day:

Bearish below 1945 with targets below mentioned in the KOG Report

Bullish on break and close of 1945 to the upside with targets above being immediate resistance levels for now

Summary:

As we anticipated they dropped the price from the get go into the lower resistance levels. We’ve now achieved the 1920 target and the price is holding below it for now. Price is still in the range so there is a chance for a short term bottom somewhere here or just below before we see some retracement. Key now is we have the 1895 target so we will still be looking to target that as long as the price stays below the 1945 region.