XAUUSD 1H - Levels

XAUUSD 11/02/22 1H

Support: 1822 / 1820 / 1815 / 1810

Resistance: 1828 / 1830 / 1835 / 1837 / 1842-4


KOGs bias for the day:

Bearish under 1830 with targets below 1822, 1815 and below that 1810-12

Bullish on break and close above 1830 with targets above 1835, 1837 and above that 1842

Summary:

We saw quite a swipe yesterday on the price coming down to our lower support level and then giving the long in to our higher target level. All targets on yesterdays idea were completed. Now we are expecting the 1830 level to hold for the price to come down to target the 1815 and 1810 levels as potential targets. We still have our lower Excalibur targets which we wanted to see completed this week, however, we want to see how price closes today on the daily. Its Friday and its been a good week on the markets, we're going to take it easy on trading today, rather wait for that daily and weekly close.

As always, trade safe.

KOG