XAUUSD Technical Analysis 21.07.2022 1h chart

– Previous Daily candle closed strong Bearish forming strong Daily Resistance at 1711.500, Looking back at the Daily timeframe the Monday and Tuesday daily candle has closed weak Bullish leaving Rejection wicks to the upside.
– Buys on close above 1697.500 targeting 30min Resistance at 1703.000 leaving Runners to 4h Resistance at 1709.000.
– Sells on close below 1692.500 targeting Daily Support formed on (31.03.2021) at 1685.000 leaving Runners to 4h Support from (31.03.2021) at 1679.500.
– Philly Fed Manufacturing Index and the Unemployment Claims data to be released 30min after New York Open forecasting 240K/ Prev: 244K.