XAUUSD Technical Analysis 08.08.2022 1h chart
– Previous Weekly candle closed Bullish at 1775.800 and the Friday Daily candle closed Bearish forming Resistance at 1791.
– Buys on close above 1778.500 targeting 1h previous Support formed on (05.08.2022) at 1784.000 leaving Runners to 1h Resistance / 30min broken support that was held at Pre Asian Session Open on (04.08.2022) and Pre London Open on (05.08.2022) at 1789.200.
– Sells on close below 1769.000 targeting 1h Support formed at 1763.500 leaving Runners to 4h Support at 1759.500.
– There could be a potential Wick Fill to the Upside targeting 1795 following the Bullish Momentum but before that happens there could be a pullback to at least 1761 for the currently Weekly candle to form bottom wick and for the price to retest Daily Support at 1761.
– Previous Weekly candle closed Bullish at 1775.800 and the Friday Daily candle closed Bearish forming Resistance at 1791.
– Buys on close above 1778.500 targeting 1h previous Support formed on (05.08.2022) at 1784.000 leaving Runners to 1h Resistance / 30min broken support that was held at Pre Asian Session Open on (04.08.2022) and Pre London Open on (05.08.2022) at 1789.200.
– Sells on close below 1769.000 targeting 1h Support formed at 1763.500 leaving Runners to 4h Support at 1759.500.
– There could be a potential Wick Fill to the Upside targeting 1795 following the Bullish Momentum but before that happens there could be a pullback to at least 1761 for the currently Weekly candle to form bottom wick and for the price to retest Daily Support at 1761.