XAUUSD Technical Analysis 27.07.2022 1h chart

– Previous Daily candle closed Weak Bearish at 1717.500 respecting Daily Resistance formed on Monday.
– Buys on close above 1721.600 targeting 30min Support at 1727.100 leaving Runners to Daily / 1h Resistance at 1735.200.
– Sells on close below 1716.000 targeting 1h Support at 1711.700 leaving Runners to the next 1h Support at 1705.800.
– Bank Rate review coming up for the US Dollar as Federal Reserve is expected to further raise Bank Rate by 75 bps, Previous: 1.75% / Forecast: 2.50%.