XAUUSD 1H - Levels

XAUUSD 24/02/22 1H

Support: 1930 / 1923 / 1915 / 1902

Resistance: 1947 / 1952 / 1960 / 1963


KOGs Bias for the day:

Bullish above 1935 with targets above 1950, 1958 and above that 1962

Bearish on break, close and retest of the trend line and 1935! Targets below 1926 and below that 1912

NOTE: We would suggest traders remain patient and observe rather than trying to catch the top of this move with a counter trade. The market will be open tomorrow and next week, please try not to FOMO into any positions.

Summary:

All Excalibur targets expect one have been hit. We’re sitting and waiting now for the 4H close to see what sort of reaction we get on the support level just below here. There is a lot of uncertainty and fear in the markets, as we’ve been saying keep your lot sizes small and trade it level to level. The benefit of KOGs level to level trading is that it shouldn’t matter where the price goes, we trade it how we see it, it goes up with go up, goes down we trade it down. Please add the levels to your charts and use the trading strategy we have shared.