XAUUSD 1H - Levels

Quick end of day update from us here at KOG.

Quite a day on Gold, luckily Excalibur has kept us in check and kept us in the right direction on this movement we’ve seen. We’re now approaching our final bullish targets on Gold so we’re more observers in this market until we see a clean structure indicating the next move. We have an immediate target just above here where we want to see what kind of reaction we get on the price. If we see strong resistance we may see the price test the support level of 1885 and below that 1877. A break and close of 1877 will highlight that 1850 region again so its something to keep an eye on. We've illustrated what to look for in the remainder of the session with the level plotted in.

We shared this chart on Sunday together with the KOG report suggesting that the bullish targets would be achievable as long as the price stayed above the 1835 price level. As you can see we’ve completed the first higher target we had with one remaining just above here.


We’re sitting back and observing at the moment and waiting to see how the daily closes and what they do in the Asian session. We will update you all tomorrow with our views and levels for the day.

As always, trade safe.