XAUUSD 1H - Levels

XAUUSD 24/03/22 1H

Quick end of day update from us.

As we published this morning we were looking for support to hold and as long as the price stayed above the 1925-27 level we were expecting to target 1960! We didn't get the pullback we wanted but the target was hit. What we want to see now is a reaction in this region, 1950 is the new support and price will need to break below this level to continue lower. The illustration shows what we're expecting in the remainder of the session.

Shared this morning:

Support: 1930 / 1926 / 1920 / 1917 / 1909 / 1903 / 1895

Resistance: 1940 / 1944-47 / 1955 / 1963

KOGs bias for the day:

Bullish above 1925-27 with targets above 1944-47 and above that 1955

Bearish on break and close of 1925-27 zone with targets below being 1917 and 1900

Summary:

The range for today is 1950 to 1925. Holding above the 1925-27 zone and its likely we will have enough of a pullback to attempt the test of the 1950-55 price point.