XAUUSD Technical Analysis 04.02.2022 1h chart

– Previous Daily candle on Gold have closed Weak Bearish with huge Rejection wick from 1788.500, The 1788.500 (Strong Daily Support) more likely could be the huge Liquidity Grab prior to news for NFP (Non-Farm Payroll) as when looking on the Hourly Time Frame Gold has been ranging across all the sessions for the day (Asian, London and NY) apart from the drop we’ve had at New York Stock Exchange Open.
– Within this new Daily Candle price could dip again to 1790s for another Liquidity Grab for Buys to play out depending on the NFP Data and if numbers were a lot worse than expected Gold could tap the Major Key Level at 1830 area which is the Monthly Resistance.