XAUUSD Technical Analysis 08.05.2023 1h chart
– Previous Weekly candle closed Bullish at 2016.900 respecting recent Weekly Support and closing above Weekly Resistance formed on 10th April 2023 leaving 500 Rejection wick to the upside, Friday Daily candle closed Bearish forming Daily Resistance at 2050.400.
– Buys on close above 2019.300 targeting 1h previous Resistance formed on 3rd May 2023 at 2024.300, Leaving Runners to the 30min previous Support formed on 3rd May 2023 at 2030.800.
– Sells on close below 2010.200 targeting 1h Support at 2003.800, Leaving Runners to the Daily previous Resistance formed on 26th April 2023 at 1997.200.
– Potential Wick Fill on the Daily timeframe retesting the previous broken Daily Resistances around 2004.000 and 1997.000 area.
– Buys on close above 2019.300 targeting 1h previous Resistance formed on 3rd May 2023 at 2024.300, Leaving Runners to the 30min previous Support formed on 3rd May 2023 at 2030.800.
– Sells on close below 2010.200 targeting 1h Support at 2003.800, Leaving Runners to the Daily previous Resistance formed on 26th April 2023 at 1997.200.
– Potential Wick Fill on the Daily timeframe retesting the previous broken Daily Resistances around 2004.000 and 1997.000 area.
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