XAUUSD 1H - Levels

Pair: Date: Timeframe:
XAUUSD 25/01/22 1H

Support: 1837 / 1835 / 1830 / 1828 / 1824 / 1819 / 1810

Resistance: 1842 / 1848 / 1850-3 / 1860

KOGs Bias for the day:

We would expect the price to settle at some point in preparation for FOMC which is tomorrow.

Bullish above 1825-27 which is an important level, looks for levels above if this region supports the price.

Bearish below 1825-23, a break and close below this level will see the lower levels

Summary:

We’re still bearish on this but expecting a push up at some point to target those higher levels. We won’t expect much movement today and tomorrow due to FOMC, unless they price it in. The 1hr levels are giving good opportunities to scalp this tight range with tight SLs trading this level to level. We can see we're in a potential triangle on the hourly, KOG members are taught how to trade these effectively so we'll keep an eye on the break in either direction.