XAUUSD Technical Analysis 23.10.2023 1h chart
– Previous Weekly candle closed strong Bullish around 1980.900 breaking and closing above multiple previous Weekly Resistances, Friday Daily candle closed small Bullish forming a Rejection wick to the upside.
– Buys on close above 1984.800 targeting 1h Resistance around 1991.800, Leaving Runners to the 30min Resistance formed around 1997.300.
– Sells on close below 1972.500 targeting Previous Monthly Resistance formed in August 2023 around 1965.500, Leaving Runners to the 15min Previous Resistance formed around 1959.900.
– Ideally is to allow price to consolidate during the Asian session forming a new range for the new week ahead.
– Buys on close above 1984.800 targeting 1h Resistance around 1991.800, Leaving Runners to the 30min Resistance formed around 1997.300.
– Sells on close below 1972.500 targeting Previous Monthly Resistance formed in August 2023 around 1965.500, Leaving Runners to the 15min Previous Resistance formed around 1959.900.
– Ideally is to allow price to consolidate during the Asian session forming a new range for the new week ahead.