XAUUSD Technical Analysis 06.10.2023 1h chart
– Previous Daily candle closed weak Bearish around 1820.200 as price still ranging withih the 4h timeframe prior to NFP this Friday.
– Buys on close above 1829.200 targeting 1h Strong Resistance formed around 1837.700, Leaving Runners to the next Hourly Strong Resistance formed around 1845.000.
– Sells on close below 1815.500 targeting Weekly Support formed at 1810.500, Leaving Runners to the Daily Support formed at 1803.500.
– High Impact News ahead of the New York session for the US Dollar, starting with Average Hourly Earnings m/m and Non-Farm Employment Change, followed by Unemployment Rate and FOMC Member Waller speaks later on the day. High Volatility expected during the news release.
– Buys on close above 1829.200 targeting 1h Strong Resistance formed around 1837.700, Leaving Runners to the next Hourly Strong Resistance formed around 1845.000.
– Sells on close below 1815.500 targeting Weekly Support formed at 1810.500, Leaving Runners to the Daily Support formed at 1803.500.
– High Impact News ahead of the New York session for the US Dollar, starting with Average Hourly Earnings m/m and Non-Farm Employment Change, followed by Unemployment Rate and FOMC Member Waller speaks later on the day. High Volatility expected during the news release.