XAUUSD Technical Analysis 26.10.2023 1h chart
– Previous Daily candle closed Bullish around 1980.000 forming Daily Support around 1970.900 as price ranges within the Daily timeframe.
– Buys on close above 1985.600 targeting 30min Resistance around 1991.800, Leaving Runners to the previous Weekly High to fill the wick around 1997.600.
– Sells on close below 1970.600 targeting 30min Strong Support formed around 1963.200, Leaving Runners to the 1h previous Resistance formed around 1957.200.
– High Impact News ahead of the New York session for the US Dollar, starting with Advance GDP q/q, Unemployment Claims, Advance GDP Price Index q/q, followed by Core Durable Goods Orders m/m, Durable Goods Orders m/m, FOMC Member Waller speaking at Economics of Payments XII Conference and Pending Home Sales m/m.
– Buys on close above 1985.600 targeting 30min Resistance around 1991.800, Leaving Runners to the previous Weekly High to fill the wick around 1997.600.
– Sells on close below 1970.600 targeting 30min Strong Support formed around 1963.200, Leaving Runners to the 1h previous Resistance formed around 1957.200.
– High Impact News ahead of the New York session for the US Dollar, starting with Advance GDP q/q, Unemployment Claims, Advance GDP Price Index q/q, followed by Core Durable Goods Orders m/m, Durable Goods Orders m/m, FOMC Member Waller speaking at Economics of Payments XII Conference and Pending Home Sales m/m.