XAUUSD Technical Analysis 14.10.2022 1h chart

– Previous Daily candle closed Bearish at 1666 forming Daily Resistance at 1673.200 leaving a huge Rejection Wick at 1642.700 as price rejected the Weekly Support at 1643.900 formed on 26th September 2022.
– Buys on close above 1671.600 on the break of the 1h Resistance formed during Thursday NY Session, targeting 1h Resistance at 1678.800, Leaving Runners to the next 1h Resistance formed at 1681.900.
– Sells on close below 1663.500 targeting the 4h Support at 1654.800, Leaving Runners to the 1h Support formed at 1648.700.
– High Volatile New York Session ahead  to end the Week, We have Core Retail Sales m/m, Retail Sales m/m to be released 30min after New York session opens, Prelim UoM Consumer Sentiment  and the Prelim UoM Inflation Expectations to be released during the New York Stock Exchange Session.