XAUUSD - 4H KOG Report

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This is a messy scenario, typical of Gold. There’s and pattern retest where we left the double bottom which we should expect during the coming week or so. The triangle support was broken on the way down, now broken on the way up so 1726 is very important. We have a feeling they’ll want to get the bulls in higher up to drop it further down. We’re looking for support at our level of 1726 and then 1715-20. The higher key level here is 1735, so the range from last week still stands.

We won’t know which way until the market opens and Excalibur gives us the direction for the day/week ahead.

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