XAUUSD Technical Analysis 03.04.2023 1h chart
– Previous Monthly candle closed strong Bullish at 1969.400 breaking above the most recent Monthly Resistance formed in February 2023, forming new Monthly Support at 1826.700, Weekly candle closed weak Bearish as price has been ranging within the Daily timeframe.
– Buys on close above 1971.900 targeting 4h previous Support at 1975.100, Leaving Runners to the Daily Resistance formed at 1980.500.
– Sells on close below 1966.700 targeting 4h Support at 1960.700, Leaving Runners to the Daily Support formed at 1956.400.
– ISM Manufacturing PMI and ISM Manufacturing Prices data to be released during the New York Stock Exchange session.
– Buys on close above 1971.900 targeting 4h previous Support at 1975.100, Leaving Runners to the Daily Resistance formed at 1980.500.
– Sells on close below 1966.700 targeting 4h Support at 1960.700, Leaving Runners to the Daily Support formed at 1956.400.
– ISM Manufacturing PMI and ISM Manufacturing Prices data to be released during the New York Stock Exchange session.