XAUUSD Technical Analysis 01.08.2022 1h chart

– The July Monthly candle has broken multiple Monthly Supports at 1796, 1775, 1757, and 1708 from April 2021 but closed with Rejection wick to the downside, Weekly and Daily from Friday 29th have closed strong Bullish at 1766.
– Buys on close above 1768.000 targeting Monthly Support formed on December 2021 at 1774.800 leaving Runners to Weekly previous Support formed on 1st November and 13th December 2021 at 1782.800.
– Sells on close below 1760.500 targeting 1h Support at 1754.000 leaving Runners to 4h previous Resistance at 1748.500.
– ISM Manufacturing PMI data to be released 30min after New York Stock Exchange Open.