XAUUSD Technical Analysis 19.08.2022 1h chart

– Previous Daily candle closed small Bearish at 1758.400 with almost 100 Pip top wick retesting the previous Weekly candle low forming Liquidity Grab on the higher timeframe.
– Buys on close above 1761.300 on the break of the previous 4h High / 1h Resistance targeting 4h Resistance at 1767.400  leaving Runners to 30min Strong Resistance at 1771.100.
– Sells on close below 1755.500 on the break of the previous Daily Low targeting 30min Strong Support at 1750.000 leaving Runners to 4h Support at 1744.800.
– With high Volume and Volatility price could possibly tap the 1740 area to retest the broken rejection Zone on Daily as there is clean traffic on the Daily timeframe to mirror.