SalimFX20

XAUUSD Technical Analysis 23.11.2023 1h chart

OANDA:XAUUSD   Gold Spot / U.S. Dollar
– Previous Daily candle closed Bearish around 1989.900 forming Daily Resistance at 1998.600 as price failed to break above Weekly Resistance formed on 30th October 2023.
– Buys on close above 1922.800 targeting Daily Resistance around 1998.600, Leaving Runners to the 1h Resistance formed around 2003.800.
– Sells on close below 1985.400 targeting 4h previous Resistance formed around 1981.000, Leaving Runners to the 30min Support formed at 1976.800.
– Price could possibly range as US Banks will be closed in observance of Thanksgiving Day.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.