XAUUSD 1H - Levels

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XAUUSD 15/03/22 1H

So as we suggested we wouldn't go long until we saw the pullback which looks like its been deeper than expected. We're now sitting at the support level identified just below where we should see a reaction on price. Break and close below and we're going lower to test 1900!

Support: 1920 / 1910 / 1895 / 1885

Resistance: 1940 / 1955 / 1963

FOMC tomorrow so we should see the price settle into a range ready for the release. Although its most probably already priced in, the markets are very fragile and choppy so please stay on the defensive.

As always, trade safe.

KOG