XAUUSD Technical Analysis 19.06.2023 1h chart
– Previous Weekly candle closed weak Bearish at 1957.800 forming weak Weekly Resistance around 1961.300, Friday Daily candle closed Doji Bearish rejecting the Daily Resistance formed on Friday 9th June 2023.
– Buys on close above 1961.100 targeting 1h Resistance formed at 1966.100, Leaving Runners to the 4h Resistance around 1969.800.
– Sells on close below 1953.300 targeting Weekly Support formed around 1948.000, Leaving Runners to the Daily Support formed at 1942.200.
– Monday might be low volume day across the 3 sessions due to US Bank Holiday as Banks will be closed in observance of Juneteenth.
– Buys on close above 1961.100 targeting 1h Resistance formed at 1966.100, Leaving Runners to the 4h Resistance around 1969.800.
– Sells on close below 1953.300 targeting Weekly Support formed around 1948.000, Leaving Runners to the Daily Support formed at 1942.200.
– Monday might be low volume day across the 3 sessions due to US Bank Holiday as Banks will be closed in observance of Juneteenth.