XAUUSD 4H - Levels

Gold update. As we said in our weekly KOG report, we were looking for resistance levels above to hold and we wanted to add to our shorts to target the lower levels. Gold is moving as we planned and have been planning for a while now!

What we want to see tomorrow is some more bearish pressure. We have a level below around 1740-35 that we have an eye one. This level will give Gold a good chance to bounce and potentially turn a little bullish over the early part of next week which will give bulls some breathing space.

Support - 1735
Resistance - 1765

Break above 1765 and we will see the above targets of 1785 this time.

Break below 1735 and we're likely heading towards the 1710 and below that 1695 levels.

As always, trade safe.

KOG