XAUUSD Technical Analysis 07.06.2022 1h chart
– Previous Daily candle closed Bearish at 1842 just above Daily Support formed on 1st June 2022.
– Buys on close above 1844.300 targeting 1h previous Support at 1849.000 leaving Runners to 1h strong Resistance at 1854.000 to possibly retest the Weekly Resistance area.
– Sells on close below 1837.500 as price breaking below Daily Support targeting 4h Support / Weekly Wick Fill at 1830.100 leaving Runners to Daily previous Resistance formed on (17.05.2022) at 1824.700.
– Fundamentally we have Treasury Secretary Yellen due to testify on the Fiscal Year 2023 Budget before the Senate Finance Committee in Washington DC 30min after New York Stock Exchange opens.
– Previous Daily candle closed Bearish at 1842 just above Daily Support formed on 1st June 2022.
– Buys on close above 1844.300 targeting 1h previous Support at 1849.000 leaving Runners to 1h strong Resistance at 1854.000 to possibly retest the Weekly Resistance area.
– Sells on close below 1837.500 as price breaking below Daily Support targeting 4h Support / Weekly Wick Fill at 1830.100 leaving Runners to Daily previous Resistance formed on (17.05.2022) at 1824.700.
– Fundamentally we have Treasury Secretary Yellen due to testify on the Fiscal Year 2023 Budget before the Senate Finance Committee in Washington DC 30min after New York Stock Exchange opens.