XAUUSD Technical Analysis 20.09.2023 1h chart

OANDA:XAUUSD   Gold Spot / U.S. Dollar
– Previous Daily candle closed Bearish around 1931.400 forming Daily Resistance around 1933.800.
– Buys on close above 1936.500 targeting Weekly Resistance around 1940.100, Leaving Runners to the 4h Resistance formed around 1945.200.
– Sells on close below 1929.800 targeting 4h Support formed around 1924.000, Leaving Runners to the Weekly Support formed around 1918.900.
– High impact news ahead of the New York session for the US Dollar, starting with Federal Funds Rate, FOMC Economic Projections, FOMC Statement followed by FOMC Press Conference, High Volatility expected.


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