XAUUSD Technical Analysis 17.08.2022 1h chart

– Previous Daily candle closed weak Bearish at 1775.800 as the price mostly ranged between 1771 and 1778 on the Hourly timeframe since Tuesday 16th London Open.
– Buys on a close above 1778.000 targeting 4h / 1h Strong Resistance at 1782.300 leaving Runners to 4h previous Strong Support from (12.08.2022) at 1787.300.
– Sells on close below 1771.700 targeting 1h Support at 1763.500 leaving Runners to 4h Strong Support at 1756.800.
– Strong data to be released for the US Economy 30min after New York Session open forecasting -0.1% for Core Retails Sales m/m, Previous:1.0% and Retail Sales m/m forecasting 0.1%, Previous: 1.0% followed by FOMC Meeting Minutes.