The hourly is looking bullish , there is what could potentially be a bulll flag which has broken to to the upside which suggests to us to take shorts with caution. We can see support below at around the 1807-05 level again but gold needs to break this level to go down further.

The key level is 1795 support, which was previous resistance, now support again. You can see we're resisting at the break out and the price is trying to challenge that 1820 level again. This level needs to break for it to go higher!

Support:

1807
1802

Resistance:

1820
1830

We would expect slight volatility today as its the monthly close, its also NFP on Friday so the market may make a move and then settle for the rest of the week, please trade today with caution.

Perfect backtest of support and bounce. Now look for resistance above. If you got in long, protect your trades, although its bullish we feel the upside is limited. We shall remain bearish on Gold unless this breaks and holds above 1820. Trade safe

Don't forget its end of month so there will be profit taking. Also NFP on Friday....Lets be prepared

More detailed outlook. Please do give us a like 🙏

We've updated the chart and analysis slightly for you all. Please do give us a like 🙏

US Session - We should see some movement. Please trade smaller than usual until NFP is over and done with. Use the levels we publish and add the trends that are on the charts. Make sure you use a sensible stop loss on all trades and have a plan for each trade.

Protect any trades if you're in from 1820. Think about taking partials here at 40pips

Would be an idea to move your stops to entry as well. Play safe!!

There should be low volume in the markets today so we're not expecting much of a change to our previous analysis. We'll update you all again before the US Session starts.

Gold update - Nothing has really changed in our view from yesterday. What will be more important is tomorrows NFP release. As usual we'll share our NFP analysis a few hours prior to the event and be online during the event with regular updates for our traders.

Trade safe everyone, take note of the advice we've given. Please do give us a like 🙏

GOLD NFP Analysis shared on TradingView. We've changed the colours on the charts, please do give us a like and comment. You views and opinions are always valued. 🙏

If we get a good level of support or resistance we'll share the trade idea here.

KOG REPORT has been shared on TradingView. Please read the whole report, there is also a Daily chart attached to it.

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XAUUSD 1H - Tomorrow we will be looking for the following:

We would like to see the price push up first towards that 1833-5 level and find resistance. IF we find strong resistance at that level we will be looking for shorts towards the lower targets T1, T2 and T3. At each level we will take partial profits and protect the trade.

This is only applicable if the price goes up first to test the resistance level above.

Hope everyone has a successful trading week ahead. We'll be back tomorrow with our daily analysis and trade idea.

KOG