XAUUSD Technical Analysis 17.10.2022 1h chart

– Previous Weekly candle closed Strong Bearish at 1644.500 within the Weekly Support formed on the 26th September 2022 forming Weekly Resistance at 1695.100, The Friday Daily candle have closed Strong Bearish filling the Thursday Daily Low following the further Sells that played out during CPI News for the US Dollar.
– Buys on close above 1648.500 targeting 1h previous Resistance formed at 1654.000, Leaving Runners to the 4h Resistance formed at 1663.300.
– Sells on close below 1640.300 on the break of the previous Daily Low targeting 30min Support at 1635.000, Leaving Runners to 1h Support formed on 28th September 2022 at 1624.500.
– We have a High Impact News Empire State Manufacturing PMI forecasting -4.3 Previously was -1.5, News to be released 30min after the New York Session opens.