XAUUSD Technical Analysis 24.04.2023 1h chart
– Previous Weekly candle closed Bearish at 1982.900 respecting recent Weekly Resistance formed around 2008.000 and retesting Weekly Support formed on 1st Week of April 2023, Previous Daily candle also closed Bearish forming Daily Resistance around 2004.800.
– Buys on close above 1989.300 targeting 15min Resistance formed at 1996.000, Leaving Runners to the 1h Resistance formed at 2003.000.
– Sells on close below 1979.100 targeting 1h Support formed at 1973.700, Leaving Runners to the Weekly / Daily Support formed at 1969.200.
– Monthly candle retracing on the lower timeframe to Entry level as the Monthly candle almost coming to a close leaving a Rejection wick around 2048.900. will be interesting to see how the new Weekly candle play out as we might see price retesting previous Monthly Resistance formed in February 2023.
– Buys on close above 1989.300 targeting 15min Resistance formed at 1996.000, Leaving Runners to the 1h Resistance formed at 2003.000.
– Sells on close below 1979.100 targeting 1h Support formed at 1973.700, Leaving Runners to the Weekly / Daily Support formed at 1969.200.
– Monthly candle retracing on the lower timeframe to Entry level as the Monthly candle almost coming to a close leaving a Rejection wick around 2048.900. will be interesting to see how the new Weekly candle play out as we might see price retesting previous Monthly Resistance formed in February 2023.