XAUUSD Technical Analysis 26.10.2022 1h chart

– Previous Daily candle closed Bullish at 1653.200 forming Daily Support at 1649.500, Price also forming and holding a major previous Support around 1647.000 on the hourly timeframe.
– Buys on close above 1659.500 as price breaks above 1h Resistance formed at New York Stock Exchange Session on Tuesday targeting Daily previous Support formed on 12th October 2022 / 4h Resistance at 1666.100, Leaving Runners to the 1h Resistance at 1671.500.
– Sells on close below 1651.500 targeting 30min previous Resistance at 1646.000, Leaving Runners to the 30min Resistance at 1641.400.
– New Home Sales data to be released during the New York Stock Exchange session forecasting : 579k , Previously was 685k.