XAUUSD Technical Analysis 16.11.2023 1h chart
– Previous Daily candle closed Bearish around 1959.500 forming Daily Resistance around 1963.200 leaving a Rejection wick to the upside.
– Buys on close above 1963.500 targeting 1h previous Support formed around 1967.100, Leaving Runners to the 4h Resistance formed around 1971.700.
– Sells on close below 1956.900 targeting previous Daily Support formed on 9th November 2023 around 1950.000, Leaving Runners to the 4h Support formed around 1944.000.
– High Impact News ahead of the New York session for the US Dollar, Unemployment Claims, Philly Fed Manufacturing Index and Industrial Production m/m.
– Buys on close above 1963.500 targeting 1h previous Support formed around 1967.100, Leaving Runners to the 4h Resistance formed around 1971.700.
– Sells on close below 1956.900 targeting previous Daily Support formed on 9th November 2023 around 1950.000, Leaving Runners to the 4h Support formed around 1944.000.
– High Impact News ahead of the New York session for the US Dollar, Unemployment Claims, Philly Fed Manufacturing Index and Industrial Production m/m.