XAUUSD Technical Analysis 11.08.2022 1h chart
– Previous Daily candle closed Bearish with a huge Rejection wick to the upside forming Resistance at 1794.400 as the price rejects the previous Daily Resistance area formed on (04.07.2022) around the 1809 area.
– Buys on close above 1793.000 targeting 4h Resistance at 1798.200 leaving Runners to 1h Resistance formed around 1802.000.
– Sells on close below 1788.000 targeting 1h / 30min Strong Support formed at 1784.000 leaving Runners to Daily Support formed at 1776.000.
– High Impact News report for PPI m/m and Core PPI m/m followed by Unemployment Claims 30min after New York open.
– Previous Daily candle closed Bearish with a huge Rejection wick to the upside forming Resistance at 1794.400 as the price rejects the previous Daily Resistance area formed on (04.07.2022) around the 1809 area.
– Buys on close above 1793.000 targeting 4h Resistance at 1798.200 leaving Runners to 1h Resistance formed around 1802.000.
– Sells on close below 1788.000 targeting 1h / 30min Strong Support formed at 1784.000 leaving Runners to Daily Support formed at 1776.000.
– High Impact News report for PPI m/m and Core PPI m/m followed by Unemployment Claims 30min after New York open.