XAUUSD Technical Analysis 04.09.2023 1h chart
– Previous Weekly candle closed Bullish at 1940.100 respecting recent Weekly Support formed around 1889.500, Friday Daily candle closed Doji Bullish with a Rejection to the upside.
– Buys on close above 1943.900 targeting 4h Resistance at 1950.200, Leaving Runners to the Daily previous Support formed on 25th July 2023 at 1954.700.
– Sells on close below 1935.300 targeting 4h previous Resistance formed on 9th August 2023 at 1930.000, Leaving Runners to the 4h previous Resistance formed on 29th August 2023 at 1924.000.
– Monday Bank Holiday, US banks will be closed in observance of Labour Day, It is important to wait for a strong confirmation as price could possibly range.
– Buys on close above 1943.900 targeting 4h Resistance at 1950.200, Leaving Runners to the Daily previous Support formed on 25th July 2023 at 1954.700.
– Sells on close below 1935.300 targeting 4h previous Resistance formed on 9th August 2023 at 1930.000, Leaving Runners to the 4h previous Resistance formed on 29th August 2023 at 1924.000.
– Monday Bank Holiday, US banks will be closed in observance of Labour Day, It is important to wait for a strong confirmation as price could possibly range.