XAUUSD Technical Analysis 20.10.2022 1h chart

– Previous Daily candle closed Strong Bearish at 1628.900 breaking through Daily Support formed on Monday 17th October forming Daily Resistance at 1652.100.
– Buys on close above 1635.400 as price break and close above recent 1h Resistance formed on Wednesday New York open, targeting 1h Resistance at 1642.000 , Leaving Runners to the next 1h Support at 1647.000.
– Sells on close below 1627.900 on the break of the previous Daily candle targeting Daily Support at 1622.700, Leaving Runners to the 1h Support at 1616.600.
– High impact News for Philly Fed Manufacturing Index and Unemployment Claims 30min after New York opens followed by the Existing Home Sales after NYSE Open.