XAUUSD Technical Analysis 05.08.2022 1h chart
– Previous Daily candle closed Strong Bullish at 1791 retesting the previous Weekly Support formed on (31.01.2022).
– Buys on close above 1795.100 targeting 1h Resistance formed on (05.07.2022) at 1800.000 leaving Runners to 30min Resistance at 1805.000.
– Sells on close below 1788.700 targeting 4h Support at 1781.000 leaving Runners to 30min Support at 1776.400.
– Strong data report coming ahead this Friday during the New York Session (30min after NY Open), Average Hourly Earning m/m expected to remain the same at 0.3%, Non-Farm Employment Change better known as NFP forecasting 250k jobs / Previous: 372k followed by Unemployment Rate to remain unchanged at 3.6%.
(S.R Trading Club)
– Previous Daily candle closed Strong Bullish at 1791 retesting the previous Weekly Support formed on (31.01.2022).
– Buys on close above 1795.100 targeting 1h Resistance formed on (05.07.2022) at 1800.000 leaving Runners to 30min Resistance at 1805.000.
– Sells on close below 1788.700 targeting 4h Support at 1781.000 leaving Runners to 30min Support at 1776.400.
– Strong data report coming ahead this Friday during the New York Session (30min after NY Open), Average Hourly Earning m/m expected to remain the same at 0.3%, Non-Farm Employment Change better known as NFP forecasting 250k jobs / Previous: 372k followed by Unemployment Rate to remain unchanged at 3.6%.
(S.R Trading Club)