XAUUSD Technical Analysis 27.10.2022 1h chart

– Previous Daily candle closed Bullish at 1665.200 and made a high at 1675 as price tapped into the previous Daily Resistance formed on 13th October 2022.
– Buys on close above 1667.600 targeting Daily / 4h Resistance formed at 1673.400, Leaving Runners to the 1h Resistance at 1678.900. Messy range between 1667.600 to 1673.400  on the 30min and 15min timeframe so the trade within that zone is to retest the higher timeframe Daily Resistance during volume times.
– Sells on close below 1661.500 targeting 1h Support at 1655.800, Leaving Runners to the Daily / 4h Support at 1650.000.
– High Impact News data for the US Economy for Advance GDP q/q, Advance GDP Price Index q/q, Core Durable Goods Orders m/m, Durable Goods Orders m/m, and Unemployment Claims to be released 30min after New York Session open.