XAUUSD Technical Analysis 26.07.2022 1h chart

– Previous Daily candle closed Bearish forming Resistance at 1727.600  respecting the previous Highs and Lows of the previous day and closing at 1719.800.
– Buys on close above 1721.600 targeting 4h Resistance at 1729.000 leaving Runners to Daily / 1h Resistance at 1735.200.
– Sells on close below 1714.800 targeting Weekly Support at 1707.800 leaving Runners to 30min Support at 1698.700.
– We have Conference Board Consumer Confidence and the Richmond Manufacturing Index data released 30min after New York Stock Exchange Open.