XAUUSD Technical Analysis 01.03.2022 1h chart

– Previous Daily candle formed Support and closed within the most Recent Daily Resistance around 1909.500, 4h Time Frame has been consolidating in a bigger and tradable Range on the Intraday, The hourly has been creating Lower Lows and Lower Highs respecting the 1h Resistance at 1917 and forming new Lower Lows for the current Weekly candle, Sells are looking more favorable than Buys based on the Hourly price action, We could see price tapping 1890 and either rejecting or forming Support despite the previous Daily closing Bullish. 1890 is a Strong area of Support and being held since 18.02.2022 after breaking the 4h High from Resistance that was formed on 15.02.2022.