XAUUSD Technical Analysis 20.07.2022 1h chart

– Another Daily candle closing Bullish breaking the previous Daily Low but the Overall Price Action of Tuesday has ranged apart from price breaking out of the Range at Pre New York Open and then pulling back to the Range forming a fakeout.
– Buys on close above 1714.500 targeting 4h Resistance at 1719.300 leaving Runners to 1h previous Strong Support formed on (13.07.2022) at 1726.000, those both targets were set on yesterday’s Analysis and remain valid.
– Sells on close below 1707.500 targeting 1h Strong Support at 1702.500 leaving Runners to 1h Support formed on (09.08.2021) at 1693.200.
– We also have Existing Home Sales 30min after New York Stock Exchange Open Forecasting 5.37M / Prev: 5.41M.