XAUUSD Technical Analysis 13.09.2022 1h chart
– Previous Daily candle closed Bullish at 1725.600 breaking out of the Daily consolidation zone above Daily Resistance formed on (08.09.2022) retesting the broken Daily Support formed on (23.08.2022) at around 1735.
– Buys on a close above 1728.200 targeting 4h Resistance formed at 1732.100 leaving Runners to 4h / 1h Resistance formed at 1739.500.
– Sells on close below 1722.600 targeting Daily previous Resistance formed on (08.09.2022) at 1718.500 leaving Runners to Weekly / 4h Strong Support formed at 1712.700.
– We have High Impact News CPI m/m forecasted : -0.1% / Previous : 0.0% and Core CPI m/m forecasted : 0.3% / Previous : 0.3% to remain the same, News to be released 30min after New York Session opens.
– Previous Daily candle closed Bullish at 1725.600 breaking out of the Daily consolidation zone above Daily Resistance formed on (08.09.2022) retesting the broken Daily Support formed on (23.08.2022) at around 1735.
– Buys on a close above 1728.200 targeting 4h Resistance formed at 1732.100 leaving Runners to 4h / 1h Resistance formed at 1739.500.
– Sells on close below 1722.600 targeting Daily previous Resistance formed on (08.09.2022) at 1718.500 leaving Runners to Weekly / 4h Strong Support formed at 1712.700.
– We have High Impact News CPI m/m forecasted : -0.1% / Previous : 0.0% and Core CPI m/m forecasted : 0.3% / Previous : 0.3% to remain the same, News to be released 30min after New York Session opens.