XAUUSD 1H - Levels

XAUUSD 31/03/22 1H

End of day update from KOG.

So we got the lower support which gave traders a good opportunity to go long on the market to target the identified area on the chart. We still think there is a little higher to go so will again be looking for the price to find support below and then resume the incline into that area. Although the move was planned out to a tee we decided we would take a back seat today and observe the markets rather than trade them.

From this morning:

Support: 1917 / 1913 / 1909 / 1903 / 1895

Resistance: 1925 / 1933 / 1940 / 1944-47 / 1955 / 1963


KOGs bias for the day:

Bullish above 1930 with targets above being 1935, 1937 and above that 1940

Bearish below 1930 with targets below 1920, 1910 and below that 1895

Summary:

Today is going to be very choppy by the looks of it. They've come down and broken 1930 again and are holding below it. 1920-25 is the next support, that's where buyer will come in, if they break that it's going to go for it. Please sit back today, observe the market, a lot of you won't have traded the end of financial year and quarter on the same day. If you have FOMO 0.01 lot sizes to test levels are a good idea to remain in the game. Personally we are not trading today