XAUUSD Technical Analysis 12.04.2023 1h chart
– Previous Daily candle closed Bullish at 2003.600 forming Daily Support at 1991.200.
– Buys on close above 2007.500 targeting 1h Resistance at 2012.100, Leaving Runners to the 4h Resistance formed at 2017.800
– Sell on close below 1998.500 targeting 30min previous Resistance formed at 1994.200, Leaving Runners to the 4h Support formed at 1989.500.
– High Impact News data ahead this Wednesday during the New York session with CPI news for Monthly and Yearly data followed by the FOMC Meeting Minutes.
– Buys on close above 2007.500 targeting 1h Resistance at 2012.100, Leaving Runners to the 4h Resistance formed at 2017.800
– Sell on close below 1998.500 targeting 30min previous Resistance formed at 1994.200, Leaving Runners to the 4h Support formed at 1989.500.
– High Impact News data ahead this Wednesday during the New York session with CPI news for Monthly and Yearly data followed by the FOMC Meeting Minutes.