XAUUSD 1H - Levels

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.