XAUUSD Technical Analysis 06.12.2023 1h chart
– Previous Daily candle closed Bearish around 2019.300 as price corrects part of the huge Bullish move we’ve had from the recent Daily timeframe.
– Buys on close above 2022.400 targeting 4h Resistance around 2029.700, Leaving Runners to the previous Daily Support formed on 1st December 2023 around 2036.000.
– Sells on close below 2011.400 targeting 1h previous strong Resistance formed on 12th November 2023 around 2004.000, Leaving Runners to the previous Daily Resistance formed on 22nd November 2023 around 1998.600.
– High Impact News ahead of the New York session for the US Dollar, ADP Non-Farm Employment Change forecasting 131k previously was 113k, High Volatility expected.
– Buys on close above 2022.400 targeting 4h Resistance around 2029.700, Leaving Runners to the previous Daily Support formed on 1st December 2023 around 2036.000.
– Sells on close below 2011.400 targeting 1h previous strong Resistance formed on 12th November 2023 around 2004.000, Leaving Runners to the previous Daily Resistance formed on 22nd November 2023 around 1998.600.
– High Impact News ahead of the New York session for the US Dollar, ADP Non-Farm Employment Change forecasting 131k previously was 113k, High Volatility expected.