XAUUSD Technical Analysis 13.07.2022 1h chart

– Previous Daily candle closed Bearish at 1726.200 as the price tapped the Daily Resistance formed on (11.07.2022) to grab Liquidity.
– Buys on close above 1728.900 targeting 30min Recent Resistance at 1733.200 leaving Runners to 30min Resistance at 1738.500.
– Sells on close below 1723.300 targeting 1h previous Resistance that was formed on (01.04.2021) at 1718.500 leaving Runners to 1h Support formed on that same day (01.04.2021) at 1713.000.
– Consumer Price Index (CPI) m/m data forecasted at 1.1% (Previous: 1.0%) and Core CPI m/m forecasted at 0.5% (Previous: 0.6%), data will be released 30min after New York Open.