XAUUSD Technical Analysis 21.09.2022 1h chart
– Previous Daily candle closed Bearish at 1664.850 forming Daily Resistance at 1675.700.
– Buys on a close above 1668.900 as price breaks the 1h Resistance formed at New York open on Tuesday targeting Daily / 4h Resistance formed at 1675.700 leaving Runners to the 30min previous Support formed on (15.09.2022) at 1683.500.
– Sells on close below 1660.000 on the break of the previous Daily candle low targeting 4h previous Resistance formed on (08.04.2020) at 1652.300 leaving Runners to Daily / 1h Strong Support formed at 1645.500.
– We have Existing Home Sales data report 30min after New York Stock Exchange opens, later on the day we have the following High Impact News events starting with the FOMC Economic Projections, FOMC Statement followed by the Federal Funds Rate, Previous: 2.50% / Forecast: 3.25%, 30min later we have the FOMC Press Conference explaining the reasoning behind the decision taken for the rate and then answering questions from the press regarding the present and the future policy.
– Previous Daily candle closed Bearish at 1664.850 forming Daily Resistance at 1675.700.
– Buys on a close above 1668.900 as price breaks the 1h Resistance formed at New York open on Tuesday targeting Daily / 4h Resistance formed at 1675.700 leaving Runners to the 30min previous Support formed on (15.09.2022) at 1683.500.
– Sells on close below 1660.000 on the break of the previous Daily candle low targeting 4h previous Resistance formed on (08.04.2020) at 1652.300 leaving Runners to Daily / 1h Strong Support formed at 1645.500.
– We have Existing Home Sales data report 30min after New York Stock Exchange opens, later on the day we have the following High Impact News events starting with the FOMC Economic Projections, FOMC Statement followed by the Federal Funds Rate, Previous: 2.50% / Forecast: 3.25%, 30min later we have the FOMC Press Conference explaining the reasoning behind the decision taken for the rate and then answering questions from the press regarding the present and the future policy.