XAUUSD 1H - Levels

So we got a nice trade today from the 1950 level down into that 1920-25 region which we suggested yesterday netting us over 250pips! This is what we feel you should look out for in the remainder of the session.

We seeing a potential challenge to the lower support area where we feel there will be a reaction on price, so we'll wait lower if we want to take any long trades which will only be into immediate resistance levels. At the moment the short was enough for us to sit back and be patient and let the price play out so please do trade this carefully. We would expect there to be some ranging movement now up until Friday so the plan here is to play the range with small lots.

This mornings report below:

Pair: Date: Timeframe:
XAUUSD 02/03/22 1H

Support: 1935 / 1927 / 1920 / 1908

Resistance: 1945 / 1950 / 1958 / 1962 / 1973

KOGs Bias for the day:

Bullish above 1910 with targets above 1925, 1932 and above that 1945

Bearish on break and close of 1905 with targets below 1885, 1880 and below that 1865

As always, trade safe.

KOG