XAUUSD 1H - Levels

XAUUSD:
Date: 12/01/22

Support:
1814/1810/1808/1805/1800/1797

Resistance:
1820/1824/1827/1830/1835

KOGs Bias for the day:
Bullish above 1808-5 with targets of 1820, 1824 and above that 1827

Bearish below 1805 with targets being 1797 and below that 1785

Always remember trendlines are subjective, they can never be exact. We use them for guidance but many traders will draw them differently.

We have a KOG way of drawing trendlines which are a little more exact that we use together with Excalibur.

There is a possible bull flag forming which can take us towards the 1824-30 price points.

Above the key support levels longs are preferred towards the targets above. Shorts are preferred from the higher resistance levels. Any trades taken are level to level with caution.