XAUUSD Technical Analysis 04.07.2022 1h chart
– Previous Weekly candle closed Bearish at 1809.500 below the Weekly Support formed on (16.05.2022).
– Buys on a close above 1814.500 targeting 4h Resistance at 1822.500 leaving Runners to Daily Resistance at 1827.500.
– Sells on close below 1804.700 targeting 1h Support at 1798.400 leaving Runners to 4h Support at 1789.800.
– We have a US Bank Holiday in observance of Independence Day, and more likely the Volume could be low so if taking on any position always ensure that the Risk Management is on point in order to keep in control for the current week ahead.
– Previous Weekly candle closed Bearish at 1809.500 below the Weekly Support formed on (16.05.2022).
– Buys on a close above 1814.500 targeting 4h Resistance at 1822.500 leaving Runners to Daily Resistance at 1827.500.
– Sells on close below 1804.700 targeting 1h Support at 1798.400 leaving Runners to 4h Support at 1789.800.
– We have a US Bank Holiday in observance of Independence Day, and more likely the Volume could be low so if taking on any position always ensure that the Risk Management is on point in order to keep in control for the current week ahead.