XAUUSD Technical Analysis 24.06.2022 1h chart
– Previous Daily candle closed Strong Bearish breaking Daily Support that was formed on Wednesday (22.06.2022) at 1833 and forming Resistance at 1838.
– Buys on close above 1828.800 targeting 4h Resistance at 1834.000 leaving Runners to at 1837.800 1h previous Resistance that was held during Pre Asian Session and London Open from Thursday (23.06.2022). there could be a possible continuation to 1845 to the 1h Resistance as there is clean traffic but as Daily formed Resistance it would be ideal to look for small targets for Buys as it is very unlikely that the price would retrace all the way to that 1h Resistance.
– Sells on a close below 1822.400 targeting 1h Support formed on (15.06.2022) and fill the rejection wicks on the hourly Aswell, leaving Runners to Daily / 4h Support at 1808.600.
– FOMC Member Bullard is due to speak about Central Banks and Inflation at an online event hosted by the Union bank of Switzerland 30min before the NY Session opens.
– Previous Daily candle closed Strong Bearish breaking Daily Support that was formed on Wednesday (22.06.2022) at 1833 and forming Resistance at 1838.
– Buys on close above 1828.800 targeting 4h Resistance at 1834.000 leaving Runners to at 1837.800 1h previous Resistance that was held during Pre Asian Session and London Open from Thursday (23.06.2022). there could be a possible continuation to 1845 to the 1h Resistance as there is clean traffic but as Daily formed Resistance it would be ideal to look for small targets for Buys as it is very unlikely that the price would retrace all the way to that 1h Resistance.
– Sells on a close below 1822.400 targeting 1h Support formed on (15.06.2022) and fill the rejection wicks on the hourly Aswell, leaving Runners to Daily / 4h Support at 1808.600.
– FOMC Member Bullard is due to speak about Central Banks and Inflation at an online event hosted by the Union bank of Switzerland 30min before the NY Session opens.