XAUUSD Technical Analysis 25.05.2023 1h chart
– Previous Daily candle closed Bearish at 1957.200 closing below Daily Support formed on Friday 19th May 2023, forming new Daily Resistance around 1975.200.
– Buys on close above 1962.600 targeting Weekly previous Support formed on 3rd April 2023 at 1969.100, Leaving Runners to the Daily Resistance formed at 1975.200.
– Sells on close below 1952.500 targeting 4h Support at 1945.700, Leaving Runners to the Daily Support formed at 1940.100.
– High Impact News ahead for the USD 30min after New York session open starting with Prelim GDP q/q, Unemployment Claims and followed by Prelim GDP Price Index q/q and Pending Home Sales m/m.
– Buys on close above 1962.600 targeting Weekly previous Support formed on 3rd April 2023 at 1969.100, Leaving Runners to the Daily Resistance formed at 1975.200.
– Sells on close below 1952.500 targeting 4h Support at 1945.700, Leaving Runners to the Daily Support formed at 1940.100.
– High Impact News ahead for the USD 30min after New York session open starting with Prelim GDP q/q, Unemployment Claims and followed by Prelim GDP Price Index q/q and Pending Home Sales m/m.