XAUUSD Technical Analysis 29.08.2022 1h chart

– Previous Weekly candle closed Bearish at 1738.100 as price continue to make Lower Highs and Lower Lows.
– Buys on close above 1739.700 targeting 4h previous Support formed on (24.08.2022) at 1745.700 leaving Runners to the 1h Resistance at 1751.200.
– Sells on close below 1734.200. targeting 1h Support at 1730.500 leaving Runners to 4h previous Resistance on (27.07.2022) at 1724.000.
– Overall the Daily has been Bearish for last week on the Daily Timeframe as Daily formed Support on Tuesday at 1735.700 and Daily Resistance formed on Thursday for the price to retest Monday’s Daily Support.