XAUUSD 30M - Levels

XAUUSD 23/02/22 1H

Support: 1885 / 1880 / 1872 / 1867 / 1858

Resistance: 1895 / 1899 / 1902 / 1907 / 1912 / 1917


KOGs Bias for the day:

Bullish above 1880 with targets being immediate resistance levels above.

Bearish on the break and close of 1880 with targets below 1870, 1867 and below that 1858

Summary:

We’ve been expecting a retracement on the movement we experienced last week which we suggested in the KOG report. We still feel the retracement can be deeper than what traders will expect so we would suggest caution on your entries. Key support stands around the 1880-85 level which we need to see a break and close of. Key level resistance stand at 1898-1900 where if the price stays below we feel we will see some negative pressure on Gold. Breaking above the 1898=1902 level again and its likely we will complete the Excalibur targets above sitting at 1917 as the first target.