XAUUSD 1H - Levels

21. Apr. 2022

End of day update from us here at KOG.

We've retested the 1940 level again where the price has found support and we can see buyers trying to take control again. We suggested that from this level we will be trading this level to level looking for the lower price targets, however, we are not ruling out that test on the resistance level of 1960-65 where again we will be looking for a short. Until then we're buying into immediate resistance levels taking what we can. We're end of day now so no more trading, lets wait until tomorrow and see what the market looks like. We've illustrated the range with the higher and lower levels on the chart, please try not to trade mid range, use the levels!

From this morning in Camelot:

XAUUSD 21/04/22 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:

Retest of the weekly low on the way, we have a target below which could be a potential reversal point temporarily. Powell is speaking later today at 16:00 UK and 18:00 UK, there is a chance the market will be waiting for his speech for another move!