XAUUSD 1H - Levels

XAUUSD 03/02/22 1H

Support: 1802 / 1800 / 1797 / 1795 / 1792 / 1787

Resistance: 1805 / 1810-12 / 1818 / 1820-22


KOGs Bias for the day:

Bullish above 1795-97 with targets above being 1802. 1805 and above that 1810

Bearish on break and close below 1795 with targets below being 1792, 1787-5

Summary:

We have NFP tomorrow and there is some news later this afternoon. They may use this to move the market to where they want to before it settles for NFP. Our thoughts are they may use the lower support levels to take it back up towards that 1810-12 level before starting a small range there. This is based on the market staying above the 1795-7 level.