XAUUSD 4H - Levels

21 במרץ 2022

Quick end of day update from us here at KOG. Even though we've seen a decent movement in Gold we're still within that 4H range awaiting a breakout! We had the Powell speech earlier which didn't move the market that much but gave traders a good opportunity to buy from the support level into the range high. So tomorrow we will look for a move that can potentially break this range, will we get a swing low and then an incline? We'll have to wait and see!

For now, we're sticking with the plan on the KOG report playing this level to level from support to immediate resistance as per the daily review we posted earlier (which worked really well).

Support: 1920 / 1917 / 1909 / 1903 / 1895

Resistance: 1929 / 1932 / 1940 / 1944 / 1955 / 1963

KOGs bias for the day:

Bullish above 1920 with targets above being immediate resistance levels

Bearish on break and close of 1920, targets below begin at 1910.


P.s TradingView loving the new Circle tool!

As always, trade safe.

KOG