XAUUSD Technical Analysis 01.07.2022 1h chart

– Previous Monthly candle closed Bearish at 1807.200 filling the previous Monthly Wick, Also closing above the Monthly Support formed on Feb 2022 at 1797.
– Buys on a close above 1810.000 targeting 1h Resistance at 1814.500 leaving Runners to 4h Resistance at 1822.500.
– Sells on a close below 1802.900 targeting Monthly Support formed on FEB 2022 at 1797.100 leaving Runners to Weekly / Daily Support that was formed in Jan 2022 at 1791.600.
– As the new Monthly candle has opened it’s important not to rush into a trade, also to wait for a strong confirmation before executing on trade, and to also apply Risk Management on each trade accordingly.