XAUUSD Technical Analysis 10.11.2022 1h chart

– Previous Daily candle closed Bearish at 1705.700 forming Daily Resistance at 1712.500 as price respecting Weekly Resistance formed on 12th September 2022 at 1717.400.

– Buys on close above 1708.00 as price close above the 1h previous Support formed and held at New York session open on Wednesday targeting recent Daily / 1h Resistance at 1713.700, Leaving Runners to the Weekly Resistance at 1717.400.
– Sells on close below 1702.400 as price breaks the previous Daily Low targeting Weekly Previous Resistance formed on 10th October 2022 at 1695.000, Leaving Runners to the 30min Previous Resistance formed on 10th October 2022 aswell at 1689.500.
– Strong day ahead for the US Dollar full of High Impact News for CPI, Unemployment Claims and some of the central bank speakers from the Federal Reserve during the New York session leading to London close and onwards. The pullback to 1695 level could be the price retesting the broken Weekly Resistance formed on 10th October 2022  before retesting Weekly Resistance at 1717.400 as Wednesday candle closed weak Bearish.