XAUUSD 4H - KOG Report and levels

303
We’re expecting two scenarios here both having the same result.

We’re looking for open to ideally pullback towards the 1760-55 levels and then continue its journey up towards 1785-95 or, we’re to open up, hit the 1785-95 levels, flush out any late Friday sellers then come down towards the 1760-55 level.
At this support we’re expecting it to continue its journey upwards.

1785 is a key level here, something is telling us the market will break this level higher up to complete the full Fib retracement. We have to wait and see once the market opens and price has settled into its Monday flow.

Support:

1772
1768
1758
1755

Resistance:

1785
1795
1800-03
1810-13

As always, trade safe.

Your likes, follows and comments are very much appreciated.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.