XAUUSD Technical Analysis 28.09.2022 1h chart

– Previous Daily candle closed Bullish at 1629.500 forming Daily Support at 1622.700.
– Buys on close above 1632.000 as price breaks above most recent 1h Resistance targeting 4h Resistance at 1636.400 leaving Runners to 15min Strong Resistance at 1640.400.
– Sells on close below 1626.700 targeting Daily Support formed yesterday (Tuesday) at 1622.700 leaving Runners to the 4h Support formed on (06.04.2020) at 1616.000.
– We have Pending Home Sales m/m Forecasting : -0.9% / Previous : -1.0%. After that we have FOMC Member Bullard due to deliver opening remark’s at the Community Banking Research Conference hosted by the Federal Reserve Bank of St. Louis. Also Fed Chair Powell due to deliver opening remarks in a pre-recorded video at the Community Banking Research Conference in St. Louis, all News / Events are to be announced during the New York Stock Exchange Session.