GOLD
XAUUSD Technical Analysis 08.07.2022 1h chart
– Previous Daily candle closed Bullish forming Weak Support at 1739.300 as the price has been consolidating on the 1h between 1737.500 – 1747.000 prior to NFP News Data Report on Friday.
– Buys on close above 1747.100 targeting Daily previous Support formed on (12.10.2021) at 1754.200 leaving Runners to 30min previous Support formed on (06.07.2022) at 1760.200.
– Sells on close below 1736.600 targeting Daily Support formed on (31.09.2021) at 1726.500 leaving Runners to Monthly Wick Fill from September 2021 at 1721.500.
– High Impact New data report for Average Hourly Earnings m/m expected to remain the same at 0.3%, Non-Farm Employment Change or better known as NFP forecasting 260k (Prev:390k) and Unemployment Rate expected to stay the same at 3.6%. All News is to be released 30min after New York Session open.
– Previous Daily candle closed Bullish forming Weak Support at 1739.300 as the price has been consolidating on the 1h between 1737.500 – 1747.000 prior to NFP News Data Report on Friday.
– Buys on close above 1747.100 targeting Daily previous Support formed on (12.10.2021) at 1754.200 leaving Runners to 30min previous Support formed on (06.07.2022) at 1760.200.
– Sells on close below 1736.600 targeting Daily Support formed on (31.09.2021) at 1726.500 leaving Runners to Monthly Wick Fill from September 2021 at 1721.500.
– High Impact New data report for Average Hourly Earnings m/m expected to remain the same at 0.3%, Non-Farm Employment Change or better known as NFP forecasting 260k (Prev:390k) and Unemployment Rate expected to stay the same at 3.6%. All News is to be released 30min after New York Session open.
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