XAUUSD Technical Analysis 08.11.2022 1h chart

– Previous Daily candle closed Bearish at 1675.300 forming Daily Resistance at 1681.000 as price tap Daily Resistance formed on 27th October 2022 and rejects.
– Buys on close above 1681.600 on the break of the 1h Resistance held at New York Stock Exchange session targeting 30min Resistance at 1686.200, Leaving Runners to the next 30min Resistance at 1694.300.
– Sells on close below 1672.000 targeting 1h Support at 1667.200, Leaving Runners to the 4h previous Resistance formed on 2nd November 2022 at 1657.700.
– The most recent 4h timeframe zone is  consolidating and holding strong 4h Support, Sells are more likely to play out well to retest the previous 4h broken Resistances on the left around 1657.