GOLD
XAUUSD Technical Analysis 12.07.2022 1h chart
– Previous Daily candle closed Bearish at 1734.100 forming Resistance on the Daily at around 1742.400.
– Buys on close above 1737.000 targeting Daily / 4h Resistance at 1742.400 leaving Runners to 1h Resistance at 1748.000.
– Sells on close below 1731.300 targeting Daily Support formed on (31.09.2021) at 1726.500 leaving Runners to Monthly Wick Fill for September 2021 at 1721.500.
– The overall price is breaking and closing outside the 4h consolidation Range, volume is needed for the price to reach those targets.
– Previous Daily candle closed Bearish at 1734.100 forming Resistance on the Daily at around 1742.400.
– Buys on close above 1737.000 targeting Daily / 4h Resistance at 1742.400 leaving Runners to 1h Resistance at 1748.000.
– Sells on close below 1731.300 targeting Daily Support formed on (31.09.2021) at 1726.500 leaving Runners to Monthly Wick Fill for September 2021 at 1721.500.
– The overall price is breaking and closing outside the 4h consolidation Range, volume is needed for the price to reach those targets.
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