XAUUSD Technical Analysis 22.08.2022 1h chart

– Previous Weekly candle closed Strong Bearish at 1747.400 breaking the previous 2 Bullish candle and the current Monthly Low forming Weekly Resistance at 1802.200.
– Buys on close above 1751.000 as price breaks out of the 30min consolidation zone targeting 4h Resistance at 1756.600 leaving Runners to Daily Previous Support formed on (03.08.2022) at 1760.800.
– Sells on close below 1745.500 as price breaks below most recent 1h Support targeting 1h Support at 1740.300 leaving Runners to 4h Support at 1736.300.
– Ideally is to allow the Asian Session to consolidate and for the price to form Support and Pullbacks to then look for Sells following the higher timeframe.