Knights of Gold (Gold/FOREX Analysis/Trade ideas)
XAUUSD: Date: 18/01/22 Support: 1810/1806-4/1800/1797-5/1785 Resistance: 1814/1820-22/1826/1828/1833 KOGs Bias for the day: Bearish below 1820 with targets below 1810, 1806 and below that 1802 Bullish above 1820 with targets above 1824, 1827 and above…
Trade with CAUTION today members. There's only so many times these levels will hold. Ideally we wanted to break below 1810 to target those lower levels, however, yesterdays rejection from supply is quite concerning. You can see it retraced around 50% and pushed back up which is showing signs of more bullish movement to come. We're holding tight at KOG and not committing to this range, we'll wait for a breakout either way.