XAUUSD Technical Analysis 29.07.2022 1h chart
– Previous Daily candle closed strong Bullish at 1756.100 breaking through Daily Resistance formed on (11.07.2022).
– Buys on close above 1756.700 targeting 1h previous Support formed on (06.07.2022) at 1761.300 leaving Runners to 1h Resistance at 1765.300.
– Sells on close below 1750.000 targeting 1h previous Resistance at 1745.700 leaving Runners to 1h Support at 1740.400.
– As the Monthly candle comes to a close it will be interesting to see if this Monthly candle closes above the 1760 area closing back above the Monthly Support formed on October 2021 or will it close below 1750 and the new Monthly candle (August 2022) fill the July Monthly Low to at least 1710 area.
– Previous Daily candle closed strong Bullish at 1756.100 breaking through Daily Resistance formed on (11.07.2022).
– Buys on close above 1756.700 targeting 1h previous Support formed on (06.07.2022) at 1761.300 leaving Runners to 1h Resistance at 1765.300.
– Sells on close below 1750.000 targeting 1h previous Resistance at 1745.700 leaving Runners to 1h Support at 1740.400.
– As the Monthly candle comes to a close it will be interesting to see if this Monthly candle closes above the 1760 area closing back above the Monthly Support formed on October 2021 or will it close below 1750 and the new Monthly candle (August 2022) fill the July Monthly Low to at least 1710 area.