XAUUSD Technical Analysis 26.09.2022 1h chart

– Previous Weekly candle closed Strong Bearish at 1643 below  the Daily Consolidation between 1660 and 1675.
– Buys on close above 1649.300 as price breaks above 1h Resistance area formed during New York Session open and held through market close, targeting 1h previous Support formed on (16.09.2022) at 1655.500 leaving Runners to 4h previous Support formed on (16.09.2022).
– Sells on close below 1640.000 targeting Daily previous Resistance formed on (27.03.2022) at 1631.000 leaving Runners to the Monthly previous Support formed on (03.10.2011) at 1823.800.
– FOMC Member Mester due to speak about the economic outlook and monetary policy at an event hosted by the Massachusetts Institute of Technology in Cambridge.