XAUUSD 1H - Levels

XAUUSD 10/03/22 1H

Support: 1969 / 1960 / 1965 / 1950 / 1939

Resistance: 1998 / 2000 / 2004 / 2007 / 2025 – 2030


KOGs Bias for the day:

Bullish above 1960 with targets above 1995, 1998 and above that 2010

Bearish on break of 1960 with targets below 1950 and below that 1939

Summary:

We would expect support just below here and a potential test on that 2000 level or just above it at some point. We can still see room for this to go lower so please trade carefully. We’re either waiting for an engulfing 4H candle to break higher or, for lower support around 1940-50.

As always, trade safe.

KOG