XAUUSD Technical Analysis 21.10.2022 1h chart

– Previous Daily candle closed Weak Bearish at 1628.200 as price retested the broken Daily Support formed on Monday 17th October 2022 at 1644.400 during New York Session and rejected it on the 4h timeframe.
– Buys on close above 1630.000 targeting 4h Resistance at 1636.500, Leaving Runners to the 30min Resistance at 1641.600.
– Sells on close below 1623.400 on the break of the previous Daily candle low  targeting 1h Support at 1616.600, Leaving Runners to the 4h Strong Support at 1610.000.
– Overall the current weekly candle has been Bearish almost filling the Weekly wick formed on 26th September 2022 and almost tapping the Weekly Support at 1618.400 formed on 6th April 2020.