XAUUSD Technical Analysis 30.05.2022 1h chart

Previous Weekly candle have closed Bullish with small Bullish body candles compared to the recent Weekly candles since 31st of January 2022.

-Buys on close above 1860.200 targeting 1h Resistance at 1863.500 leaving Runners to Daily / 4h Resistance at 1867.500.
– Sells on close below 1849.500 targeting 4h / 1h strong Support at 1843.000 leaving Runners to 1h strong Support at 1836.500.
– The No Trade Zone is much larger than usual as recent Price Action has been very choppy and the overall price has been consolidating holding major Resistance at 1860 area, also the Buy and Sell TP’s / Runners have been very small compare to the none tradable zones due to the Strong Consolidation price is forming for now. It’s also USD Bank Holiday Monday in observance of Memorial Day so the volume could potentially be low as Banks will be closed.