XAUUSD Technical Analysis 24.10.2022 1h chart

– Previous Weekly candle closed Bullish at 1657.600 forming Weekly Support at 1644.300 respecting the previous Weekly Support formed on 26th September 2022, Friday Daily candle also closed Strong Bullish above Daily Resistance formed on 19th October 2022 at 1652.100.
– Buys on close above 1661.000 as price closes above the 4h Consolidation Zone targeting Previous Daily Support formed on 12th October 2022 / 4h recent Resistance at 1666.500, Leaving Runners to the Daily Resistance at 1673.500.
– Sells on close below 1650.900 as price closes back in the Daily Resistance Range / break of the 4h candle low from Friday Market Close, Targeting 1h previous Resistance at 1643.000, 1643.000 is  also the previous Weekly Support formed on 26th September and 17th October 2022, Leaving Runners to the 4h previous Resistance formed on the 20th October 2022 at 1636.500.
– High Impact News for the US Economy starting with Flash Services PMI, Flash manufacturing PMI at New York Stock Exchange Session, Pre London close we have Treasury Secretary Janet Yellen due to participate in a moderated discussion at the Securities Industry and Financial Markets Association Annual Meeting, In New York