XAUUSD Technical Analysis 04.11.2022 1h chart

– Previous Daily candle closed small body Bearish at 1629.600 as price rejects the 1620 level the same level the recent Weekly Support rejected.
– Buys on close above 1632.300 targeting 4h Resistance at 1638.300, Leaving Runners to the Weekly previous Support formed on 26th September and 17th October 2022 at 1644.000.
– Sells on close below 1625.500 targeting 4h Support at 1618.000, Leaving Runners to the next 4h Support formed on 3rd April 2020 (30month lows).
– Another day ahead with High Impact News starting with the Average Hourly Earnings m/m forecasted to stay the same as previous data (0.3%), Non-Farm Employment Change forecasted at 197k, Previous : 263k. Unemployment Rate is forecasted at : 3.6%, Previous was 3.5%, all data to be released 30min after New York Session opens.