XAUUSD 1H - Levels

12 Jan 2022

Quick update for the end of the day with what to look out for for the remainder of the session. Again we held support and managed to hit the higher targets of 1824 and 1827. It looks like the markets wants to target our KOG target of 1833 (which we had identified two weeks ago and failed to hit) which if it does will lead us into that previous supply region of 1830-35 where we have seen a reaction in price many times in the past. What we want to see there is if this level holds as resistance, if if does this could be an opportunity to short the market back down in to the lower support regions 1820 and below that 1815. Break above and you can see where the potential trend is, that could be the next target. We will wait until tomorrow now.

We're getting to an area in price where its not a good idea to start entering longs targeting that 1830-35 price region. Rather wait for a pullback and see how the support levels below hold.

We'll be back tomorrow.

As always, trade safe.

KOG

P.S - A polite request:
Please don't copy our work and KOG targets.
Please don't spam our page with your charts fishing for followers