XAUUSD Technical Analysis 02.10.2023 1h chart
– Previous Monthly candle closed strong Bearish around 1848.700 closing below recent Monthly Support formed in July 2023, Weekly and Friday Daily candle also closed strong Bearish with barely no wick to the bottom.
– Buys on close above 1854.000 targeting 30min Resistance formed around 1961.000, Leaving Runners to the 4h previous Support formed around 1865.000.
– Sells on close below 1846.600 targeting 30min previous Resistance formed on 10th March 2023 around 1837.900, Leaving Runners to the 4h Support formed around 1830.700.
– High Impact News ahead of the New York session for the US Dollar starting with ISM Manufacturing PMI and ISM Services PMI, followed by Fed Chair Powell speech and FOMC Member Harker’s speech aswell.
– Buys on close above 1854.000 targeting 30min Resistance formed around 1961.000, Leaving Runners to the 4h previous Support formed around 1865.000.
– Sells on close below 1846.600 targeting 30min previous Resistance formed on 10th March 2023 around 1837.900, Leaving Runners to the 4h Support formed around 1830.700.
– High Impact News ahead of the New York session for the US Dollar starting with ISM Manufacturing PMI and ISM Services PMI, followed by Fed Chair Powell speech and FOMC Member Harker’s speech aswell.