XAUUSD 1H - Levels

XAUUSD 03/03/22 1H

Support: 1935 / 1927 / 1920 / 1908 / 1905

Resistance: 1937 / 1942 / 1945 / 1950 / 1958 / 1962 / 1973


KOGs Bias for the day:

Bullish above 1910 with targets above 1920, 1935, 1942 and above that 1947

Bearish below 1910 with target below being 1905, 1895 and below that 1888

Summary:

We have a lot of news that will move the markets, Russia/Ukraine, a Powell speech today and NFP tomorrow! The swings will be aggressive so lots sizes need to be adjusted as we’re playing defence now until we see the markets settle at least a little bit. We have indications of a swing high which could beat the double the top and take out sellers where our Excalibur target is sitting around 1980-84 and a swing low around the 1890-95 mark where again we have an Excalibur target. Bias is bullish at the moment on the 4H chart which looks like it just needs a volume injection to go for it. Please be careful as they can swing it down first then take it up or, vice versa.

LEVEL TO LEVEL please members!