Break above and you can see what can happen. Resistance is preferred
XAUUSD:
Date: 11/01/22
Support:
1804/1800/1797/1795/1785
Resistance:
1810/1814/1820/1824
KOG Bias for the day:
Bullish above 1797-1800 with targets being 1814 and above that 1820
Bearish below 1800 with targets being 1797, 1785 and below that 1777
Summary:
We’ve broken above the 1804-6 level so this region may play as support now with targets above. Price has achieved our KOG levels of 1797 and 1804. We have a Powell speech today which will likely move the market later in the US session.
Date: 11/01/22
Support:
1804/1800/1797/1795/1785
Resistance:
1810/1814/1820/1824
KOG Bias for the day:
Bullish above 1797-1800 with targets being 1814 and above that 1820
Bearish below 1800 with targets being 1797, 1785 and below that 1777
Summary:
We’ve broken above the 1804-6 level so this region may play as support now with targets above. Price has achieved our KOG levels of 1797 and 1804. We have a Powell speech today which will likely move the market later in the US session.
Protect your trades, take some profits
Stops to entry, majority of profits taken. Now we'll look for resistance
Quick update on what to look for for the remainder of the session. We'll be back tomorrow 🙏