XAUUSD Technical Analysis 28.07.2022 1h chart

– Previous Daily candle closed Strong Bullish at 1734.700 breaking and closing above the Daily Resistance formed on (25.07.2022) and (14.07.2022)¬† as Federal Reserve increased Bank Rate to 2.50% from 1.75% at yesterday’s FOMC Meeting in order to combat the rising Inflation.
– Buys on a close above at 1740.400 targeting 4h / 1h Resistance at 1745.000 leaving Runners to Weekly Previous Support from (27.09.2022) at 1750.500.
– Sells on close below 1733.100 targeting Daily previous Resistance formed on ( 25.07.2022) at 1727.800 Leaving Runners to Daily Support formed on 1718.000.
РWe have Advance GDP q/q, Advance  GDP Price Index q/q, Unemployment Claims and the Treasury Secretary Yellen speaking, All news is to be released 30min after New York Open.