XAUUSD 08/02/22 1H
Support: 1808 / 1805 / 1802 / 1797 / 1795 / 1792 / 1787
Resistance: 1810-12 / 1815 / / 1818 / 1820-22
KOGS Bias for the day:
Bullish above 1812 with targets being 1818, 1822 and above that 1825
Bearish below 1810 (break and close) with targets below being 1806, 1802, 1797 and below that 1792
Summary:
There’s a messy double top formed on the hourly with resistance being 1821 which is also where the neckline is. A pullback is needed so lower support regions of 1815 could be the first target. Holding above 1812 and we will likely see more bullishness on Gold.
Support: 1808 / 1805 / 1802 / 1797 / 1795 / 1792 / 1787
Resistance: 1810-12 / 1815 / / 1818 / 1820-22
KOGS Bias for the day:
Bullish above 1812 with targets being 1818, 1822 and above that 1825
Bearish below 1810 (break and close) with targets below being 1806, 1802, 1797 and below that 1792
Summary:
There’s a messy double top formed on the hourly with resistance being 1821 which is also where the neckline is. A pullback is needed so lower support regions of 1815 could be the first target. Holding above 1812 and we will likely see more bullishness on Gold.
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🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: www.instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
