XAUUSD Technical Analysis 12.09.2022 1h chart
– Previous Daily candle closed Bullish at 1717.300 closing below the most recent Daily Resistance formed on (08.09.2022), Previous Weekly candle closed small Bullish forming Support at 1712.600.
– Buys on a close above 1720.500 targeting 1h previous Resistance formed on (08.09.2022) at 1724.200 leaving Runners to 4h Resistance at 1728.700.
– Sells on close below 1713.400 as price breaks the 1h Support formed at New York Stock Exchange session targeting Daily Support at 1708.700 leaving Runners to 30min Support at 1705.000.
– Overall Gold has been extremely Bearish based on the Monthly since April 2022 and the trend continues
– Previous Daily candle closed Bullish at 1717.300 closing below the most recent Daily Resistance formed on (08.09.2022), Previous Weekly candle closed small Bullish forming Support at 1712.600.
– Buys on a close above 1720.500 targeting 1h previous Resistance formed on (08.09.2022) at 1724.200 leaving Runners to 4h Resistance at 1728.700.
– Sells on close below 1713.400 as price breaks the 1h Support formed at New York Stock Exchange session targeting Daily Support at 1708.700 leaving Runners to 30min Support at 1705.000.
– Overall Gold has been extremely Bearish based on the Monthly since April 2022 and the trend continues