XAUUSD Technical Analysis 27.06.2022 1h chart

– Previous Weekly candle closed Bearish with small body respecting its previous Weekly High and Low, Previous Daily candle closed Bullish forming minor Support at 1822.400.
– Buys on close above 1830.500 targeting 4 Resistance at 1834.500 leaving Runners to Daily Resistance at 1837.800.
– Sells on close below 1821.400 targeting 1h Support from (15.06.2022) at 1814.600, leaving Runners to Daily / 4h Support formed on (15.06.2022) at 1808.600.
– Overall the price has been consolidating within the No Trade Zone on the Analysis posted on Friday (24.06.2022), Ideally is to wait for the price to break out of the Consolidation Zone to have a higher probability winning trade, also the Monthly candle will be closing in a few days so it’s important to manage risk.