XAUUSD Technical Analysis 12.10.2022 1h chart

– Previous Daily candle closed small Bearish candle at 1666.080 leaving a Rejection wick at 1684.200.
– Buys on close above 1668.600 targeting 4h / 1h previous Resistance at 1672.900, Leaving Runners to the next 4h Resistance at 1680.900.
– Sells on close below 1661.200 on the break of the previous Daily Low, targeting 1h previous Resistance formed on 29th September 2022 at 1655.800, Leaving Runners to the 1h Support at 1649.500.
– High Impact News for the PPI m/m forecasting 0.2% / Previous : -0.1% to be released 30min after New York Session opens  followed by the Core PPI m/m, Later on the day after London Close we have the FOMC Meeting Minutes.