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Gold Technical Analysis Daily

OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD Technical Analysis 22.07.2022 1h chart



Previous Daily candle closed Strong Bullish above the most recent Daily Resistance forming Support at 1697.800 breaking the previous Daily High and Low.

Buys on close above 1720.300 targeting 30min Resistance at 1727.700 leaving Runners to 1h Resistance at 1732.300 and price could potentially tap the Daily Resistance formed on (14.07.2022) at 1735.500 if there was enough volume in the Market.

Sells on close below 1711.000 targeting 1h Support at 1705.700 leaving Runners to 30min Resistance at 1698.500.

We have Flash Manufacturing PMI and Flash Services PMI data to be released 15min after New York Stock Exchange Open.
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