XAUUSD Technical Analysis 16.12.2022 1h chart – Previous Daily candle closed Strong Bearish at 1776.900 breaking below most recent Daily Support that was formed on Tuesday 13th December 2022. – Buys on close above 1783.100 targeting 1h previous Support at 1790.800, Leaving Runners to the 1h Resistance at 1795.800. – Sells on close below 1773.900 targeting Daily Support at 1768.900, Leaving Runners to the 4h previous Resistance formed on 30th November 2022 at 1762.400. – We have Flash Services PMI and Flash Manufacturing PMI data during the New York Stock Exchange session, High volatility expected during the news release.