XAUUSD Technical Analysis 24.05.2022 1h chart

– The previous Daily candle closed Bullish breaking the recent Daily Resistance around 1852.200 formed on (12.05.2022) and also broke the previous Weekly candle high at around 1849.500 tapping into 1865.
– Buys on close above 1856.900 targeting 4h / 1h Resistance at 1862.400 leaving Runners to 4h previous Strong Support formed on (04.05.2022).
– Sells on close below 1848.700 targeting 4h Support at 1841.700 leaving Runners to 1h Support at 1836.300, We also have Flash Manufacturing PMI and Flash Services PMI after NYSE Open for the US Economy.