XAUUSD Technical Analysis 23.12.2022 1h chart

– Previous Daily candle closed strong Bearish at 1792.600 as price tapped into the Daily Support formed on 20th December 2022 at 1787.700.
– Buys on close above 1796.900 targeting 15min Resistance at 1802.600 which is also the Weekly Resistance formed on 15th August 2022, Leaving Runners to the next 15min Resistance at 1808.300.
– Sells on close below 1784.900 on the break of the previous Daily Low targeting 4h Strong Support formed on 16th December 2022 at 1777.900, Leaving Runners to the next 4h Strong Support formed on 7th December 2022 at 1772.400.
– We have PCE Price Index m/m for the US Economy forecasting 0.2% Previously was 0.2%, News to be released 30min after New York session opens.