XAUUSD - KOG REPORT - FOMC!

After the break of the range yesterday we would expect some form of retracement on price into the support levels below. What we want to see is how these support levels react to price and if held do they give buyers an opportunity to get in bit lower to take this into the resistance levels of 2030 and above that 2045. FOMC later today so expect a bit of a chop prior but likely priced in, it’s the press conference after the statement that can move the markets.

Levels above for RIP 2030-35 and above that 2045-50

Levels below for RIP 2002-5 and below that 1993-5

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As always, trade safe.

KOG

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