XAUUSD Technical Analysis 16.11.2022 1h chart

– Previous Daily candle closed Bullish at 1778.300 almost tapping into the previous Daily Support formed on 12th August 2022.
– Buys on close above 1780.600 targeting Daily previous Support formed on 12th August 2022 at 1789.000, Leaving Runners to the Weekly / Daily Resistance formed at 1802.000.
– Sells on close below 1767.900 on the break of the 4h Support and  previous Daily Low targeting 30min Support at 1761.300, Leaving Runners to the 1h Support at 1756.100.
– Core Retail Sales m/m and Retail Sales m/m data to be released 30min after New York session opens.