XAUUSD Technical Analysis 21.11.2022 1h chart

– Previous Weekly candle closed Bearish at 1750.700 forming Weekly Resistance at 1771.300.
– Buys on close above 1753.500 targeting 1h Resistance at 1757.700, Leaving Runners to the 30min Resistance formed at 1763.600.
– Sells on close below 1747.600 on the break of the previous Weekly and Daily Low targeting 1h previous Resistance formed on 29th August 2022 at 1740.700, Leaving Runners to the 1h previous Resistance formed on 12th September 2022 at 1734.200.
– As Weekly closed Bearish forming Resistance, Sells are more likely to play out rather than Buys as price retraces to correct some of the Bullish move we’ve had earlier this month.