XAUUSD Technical Analysis 27.05.2022 1h chart

– Previous Daily candle closed Bearish breaking the previous Daily Low then retraced back and closed above 1850.
– Buys on close above 1854.400 targeting Strong 30min Support at 1858.800 leaving Runners to 1h Resistance at 1863.400.
– Sells on close below 1846.200 as the current Weekly candle flips Bearish targeting Strong 4h Support / Previous Daily Wick Fill at 1840.900 leaving Runners to 1h Support at 1836.400.
– We have FOMC Member Bullard participating in a panel discussion at a conference hosted by the Bank Of Japan in Tokyo followed by Core PCE Price Index m/m and Revised University Of Michigan Consumer Sentiment.