XAUUSD Technical Analysis 11.08.2023 1h chart
– Previous Daily candle closed Bearish at 1912.400 leaving a huge Daily Rejection at the 1930s (Higher timeframe Key Level).
– Buys on close above 1920.600 targeting 1h Resistance at 1920.600, Leaving Runners to the 4h Resistance formed at 1926.300.
– Sells on close below 1911.000 targeting 4h Support at 1906.300, Leaving Runners to the 4h Support formed at 1901.300.
– High Impact News ahead of the New York session, starting with Core PPI m/m, PPI m/m followed by Prelim UoM Consumer sentiment and Prelim UoM Inflation Expectations.
– Buys on close above 1920.600 targeting 1h Resistance at 1920.600, Leaving Runners to the 4h Resistance formed at 1926.300.
– Sells on close below 1911.000 targeting 4h Support at 1906.300, Leaving Runners to the 4h Support formed at 1901.300.
– High Impact News ahead of the New York session, starting with Core PPI m/m, PPI m/m followed by Prelim UoM Consumer sentiment and Prelim UoM Inflation Expectations.