XAUUSD Technical Analysis 03.08.2022 1h chart

– Previous Daily candle closed Bearish at 1761 forming Resistance at 1772 leaving a Rejection wick at 1788.300 tapping into previous Weekly Support formed on (31.01.2022).
– Buys on a close above 1763.500 targeting 1h previous Strong Support formed at 1768.300 leaving Runners to Daily Resistance formed at 1772.300.
– Sells on close below 1755.800 targeting 30min strong Support at 1750 Major Key Level, leaving Runners to 4h Support at 1744.700.
– We have ISM Services PMI news data 30min after New York Stock Exchange opens.