XAUUSD Technical Analysis 23.08.2022 1h chart

– Previous Daily candle closed Strong Bearish at 1735.800 as Sells played out as expected on Monday.
Buys on close above 1740.000 targeting 30min Resistance at 1743.800 leaving Runners to 1h Resistance at 1748.000.
– Sells on close below 1730.200 targeting 4h previous  Resistance formed on (27.07.2022)  at 1723.800 leaving Runners to daily Support at 1717.400.
– As the current Weekly candle opens the strong Bearish trend continues and targets set from the previous Analysis have been tapped for Sells, based on the Monthly timeframe there is clean traffic all the way to 1710 at least on the Monthly timeframe targeting Monthly Support formed on April 2021 and to the Weekly Support formed on (18.07.2022), partially filling the previous Monthly Candle.