XAUUSD Technical Analysis 19.07.2022 1h chart

– Previous Daily candle closed weak Bullish forming weak Daily Support at 1707.400 leaving 140 pip Rejection to the upside.
– Buys on close above 1712.400 targeting 4h Support at 1719.300 leaving Runners to 1h Previous Support formed on (13.07.2022) at 1726.000.
– Sells on close below 1702.800 targeting 1h Support formed on (09.08.2021) at 1693.200 leaving Runners to Daily Support formed on (31.03.2021) at 1685.000.
– FOMC Member Brainard is due to speak at the Federal Reserve Bank of Minneapolis Center for Indian Country Development at the New York Stock Exchange Open.