XAUUSD 1H - Levels

Pair: Date: Timeframe:
XAUUSD 21/01/22 1H

Support: 1830 / 1827 / 1824 / 1818 / 1810

Resistance: 1837 / 1842 / 1846 / 1850-3 / 1860

KOGs Bias for the day:

Bullish above 1835-7 with targets above being 1837, 1842 and above that 1846.

Bearish below 1835-7 with targets below being 1827 and below that 1824.

As we've shown in yesterdays posts this 1830-35 region has provided liquidity in the past and right now we can see our first rejection from the zone. We will be looking for the price to test this level again and try to break it so we would say trade with caution today. The levels are highlighted on the chart and show what we're looking at. We have another target above so we're expecting a push up at some point. Break below 1830 look for support regions around 1824 and below that 1820.

Its Friday so not a great idea to get stuck in trades that you have to leave open during the weekend, nothing wrong with testing levels with tight SLs and smaller lots.

As always, trade safe.

KOG