XAUUSD Technical Analysis 08.09.2022 1h chart

– Previous Daily candle closed Strong Bullish at 1718.400 above Daily Resistance formed on Monday (05.09.2022) forming Daily Support at 1701.800.
– Buys on close above 1720.200 as price breaks above the previous Daily High targeting 4h Strong Resistance at 1725.000 leaving Runners to 1h previous Support formed on (30.08.2022) at 1730.500.
– Sells on close below 1714.200 targeting 30min Support at 1710.200 leaving Runners to 4h previous Resistance formed on Wednesday at 1704.200.
– The Unemployment Claims data report is to be released 30min after New York Session opens, Shortly after we have Fed Chair Powell due to participate in a moderated discussion at the Cato Institute’s Annual Monetary Conference.