XAUUSD 1H - Levels

Quick end of day update from us following on from yesterdays FOMC Report and the KOG Report on Sunday.

We've seen a bit of an extension on the move down into the lower support where we were waiting to go long. Its worked out pretty well and we have hit the first target for the long at 1940-45. We can see more bullish momentum to come so would say its best to wait for a pullback, the charts shows the levels to look for and the immediate support level which stands at 1930 and below that 1920.

It looks like we're ready for another big move on gold so expect the unexpected and trade carefully please.

As always, trade safe.

KOG