GOLD
XAUUSD Technical Analysis 05.07.2022 1h chart
– Previous Daily candle closed weak Bearish as there was less volume in the market and failed to break outside the No Trade Zone with it been US Bank Holiday for Independence Day.
– Buys on close above 1812.800 targeting 4h Resistance at 1822.500 leaving Runners to Daily Resistance formed on (27.06.2022) at 1827.500.
– Sells on close below 1804.000 targeting 1h Support at 1798.400 leaving Runners to 4h Support at 1789.800.
– As price has respected and consolidated within the No Trade Zone on the Analysis posted Sunday market open the targets for Buys and Sells remained the same.
– Previous Daily candle closed weak Bearish as there was less volume in the market and failed to break outside the No Trade Zone with it been US Bank Holiday for Independence Day.
– Buys on close above 1812.800 targeting 4h Resistance at 1822.500 leaving Runners to Daily Resistance formed on (27.06.2022) at 1827.500.
– Sells on close below 1804.000 targeting 1h Support at 1798.400 leaving Runners to 4h Support at 1789.800.
– As price has respected and consolidated within the No Trade Zone on the Analysis posted Sunday market open the targets for Buys and Sells remained the same.
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