XAUUSD 1H - Levels

Following on from the KOG Report yesterday we said we were looking for that 1777 level to hold as support, which it has done. We said we will be looking to long at that level so if you followed its best to take partials and protect your entry. If this level holds in the coming sessions we’ll still be looking to take this to the higher level of 1795-97 where we will be waiting patiently. We’re short bias so scaling in to position with small lots sizes is not a problem here as long as it stays below the said level. As always, manage risk!

KOG