XAUUSD Technical Analysis 19.12.2022 1h chart

– Previous Weekly candle closed almost small Doji Bearish at 1792.800 breaking above the previous Weekly candle, price retraced and closed below Weekly Resistance formed on 15th August 2022, However the Friday Daily candle closed Bullish forming Daily Support at 1776.900.
– Buys on close above 1795.500 targeting 30min previous Support at 1802.500, Leaving Runners to the 1h Resistance at 1807.900.
– Sells on close below 1787.500 targeting 30min Support at 1782.500, Leaving Runners to the Daily Support formed on Friday 16th December at 1776.900.
– Overall the current Monthly candle has been retracing after tapping 1820’s, Current Monthly candle hasn’t formed bottom wick so possibly price could be retracing to retest the Weekly Support formed on 21st November 2022 at 1750’s.