XAUUSD Technical Analysis 16.05.2022 1h chart

– Previous Weekly candle closed strong Bearish as the price dropped over 85 US Dollar from 1883 to 1799, there is still clean traffic to 1791 Weekly Support for more Sells on Gold to play out.
– Buys on close above 1815.000 targeting 4h previous Support at 1821.900 leaving Runners to 4h Resistance at 1826.800.
– Sells on close below 1806.000 targeting Daily / Weekly Wick Fill at 1799.200 leaving Runners to Weekly / Daily Support at 1791.400.