XAUUSD 1H - Levels

XAUUSD 17/02/22 1H

Support: 1885 / 1872 / 18663 / 1855 / 1850 / 1846 / 1843

Resistance: 1894 / 1902 / 1907 / 1912 /


KOGs Bias for the day:

Bullish above 1865 with targets being immediate resistance levels

Bearish on break and close of 1865-60 with targets below 1850, 1840 and below that 1835

Summary:

We’ve hit the KOG target from last week but still have an outstanding target around the 1917 region. We will not be going long up here though, our preference at the moment is the short trade from the resistance levels above. Immediate target above is 1894 where we could see a turn in price. This market entails your risk management be on point, your lot sizes need to be sensible and you need to be able to be flexible with the aggressive movement.