GOLD
XAUUSD Technical Analysis 12.08.2022 1h chart
– Previous Daily candle closed Bearish breaking the Tuesday and Wednesday Daily Lows then retraced back in the 4h Consolidation Zone that was held from Monday.
– Buys on close above 1792.000 targeting 1h Resistance at 1797.100 leaving Runners to next 1h Resistance at 1802.100.
– Sells on close below 1785.000 targeting 1h Support at 1781.800 leaving Runners to Daily Support at 1776.000.
– We have the Prelim University of Michigan Consumer Sentiment data to be released 30min after the New York Stock Exchange Open.
– Previous Daily candle closed Bearish breaking the Tuesday and Wednesday Daily Lows then retraced back in the 4h Consolidation Zone that was held from Monday.
– Buys on close above 1792.000 targeting 1h Resistance at 1797.100 leaving Runners to next 1h Resistance at 1802.100.
– Sells on close below 1785.000 targeting 1h Support at 1781.800 leaving Runners to Daily Support at 1776.000.
– We have the Prelim University of Michigan Consumer Sentiment data to be released 30min after the New York Stock Exchange Open.
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