XAUUSD Technical Analysis 07.11.2023 1h chart
– Previous Daily candle closed Bearish around 1978.000 breaking below Daily Support formed on Thursday 2nd November, forming a new Daily Resistance around 1992.600.
– Buys on close above 1980.500 targeting 30min Resistance formed around 1984.500, Leaving Runners to the Monthly Resistance formed in May 2023 around 1989.500.
– Sells on close below 1974.900 targeting Daily Support formed on 25th October 2023 formed around 1970.400, Leaving Runners to the 4h Support formed around 1964.600.
– FOMC Member Waller due to deliver a speech titled ” Using Economic Data to Understand the Economy ” at the Federal Reserve Bank of St. Louis Conference, Audience questions expected.
– Buys on close above 1980.500 targeting 30min Resistance formed around 1984.500, Leaving Runners to the Monthly Resistance formed in May 2023 around 1989.500.
– Sells on close below 1974.900 targeting Daily Support formed on 25th October 2023 formed around 1970.400, Leaving Runners to the 4h Support formed around 1964.600.
– FOMC Member Waller due to deliver a speech titled ” Using Economic Data to Understand the Economy ” at the Federal Reserve Bank of St. Louis Conference, Audience questions expected.