GOLD
XAUUSD Technical Analysis 21.06.2022 1h chart
– Previous Daily candle closed Bearish lacking Volume across all 3 Trading Sessions (Asian – London – NY) due to US Bank Holiday as price traded within No trade Zone that was marked up on yesterday’s Analysis (XAUUSD Technical Analysis 20.06.2022 1h chart) holding 4h Support at 1835.
– Buys on close above 1844.100 targeting 4h Resistance at 1851.300 leaving Runners to Daily Resistance at 1856.900.
– Sells on close below 1835.000 targeting 1h Support at 1828.000 leaving Runners to 4h Support at 1820.000.
– Overall if Daily Resistance at 1856.900 is respected and the price broke and closed below the 4h Support the current Weekly candle could retest the Weekly Support at 1811 and fill the previous Weekly Low.
– Previous Daily candle closed Bearish lacking Volume across all 3 Trading Sessions (Asian – London – NY) due to US Bank Holiday as price traded within No trade Zone that was marked up on yesterday’s Analysis (XAUUSD Technical Analysis 20.06.2022 1h chart) holding 4h Support at 1835.
– Buys on close above 1844.100 targeting 4h Resistance at 1851.300 leaving Runners to Daily Resistance at 1856.900.
– Sells on close below 1835.000 targeting 1h Support at 1828.000 leaving Runners to 4h Support at 1820.000.
– Overall if Daily Resistance at 1856.900 is respected and the price broke and closed below the 4h Support the current Weekly candle could retest the Weekly Support at 1811 and fill the previous Weekly Low.
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