XAUUSD Technical Analysis 05.12.2022 1h chart

– Previous Daily candle closed Weak Bearish forming Daily Resistance at 1803.100 and leaving a Rejection Wick to the previous Daily Resistance formed on 16th November 2022 at 1778.500.
– Buys on close above 1803.600 on the break of the Daily Resistance targeting Daily Resistance at 1809.500, Leaving Runners to the 4h Resistance at 1813.000.


– Sells on close below 1793.600 targeting Daily previous Support formed on 12th August 2022 at 1789.400, Leaving Runners to the 4h Support at 1785.400.
– ISM Services PMI during New York Stock Exchange session forecasting 53.5, Previous : 54.4.